Saudi Real Estate Refinance Company (SRC) will look to issue its first U.S. dollar-denominated Islamic bonds in the first quarter of 2022, market conditions allowing, and also plans to issue sukuk domestically before year-end, its chief executive said on Wednesday.
Vietnam's Bamboo Airways on Wednesday signed a memorandum of understanding with a joint venture between General Electric and Safran SA for the purchase of aircraft engines and equipment worth up to 1.73 billion euros ($2 billion).
Higher rates and inflation pressures weighed on emerging market stock flows in October while overall flows to China rebounded, data from the Institute of International Finance showed on Tuesday.
Shares and bonds of Chinese property developers stumbled on Tuesday as worries over spreading financial contagion worsened following a debt exchange from one of the country's top 20 homebuilders that triggered a flurry of credit warnings.
Chinese developer Modern Land (China) said on Monday a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend to hold on to cash.