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SBP raises $363 mln from Islamic bond

Posted on 14 December 2010

From Geo.tv: Pakistan raised 31.17 billion rupees ($363 million) by selling Islamic bonds in the domestic market, the State Bank of Pakistan said on Monday.
The cut-off margin will be the benchmark six-month treasury bill weighted average yield. In the last treasury bill auction on Dec. 1, the weighted average yield for six-months was 13.3701 percent……………………………………….Full Article: Source

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