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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

First Gulf Bank set for first Islamic bond sale

Posted on 15 July 2011

First Gulf Bank (FGB) is planning to sell its first Islamic bond under a $3.5bn sukuk program as yields on Islamic debt reached a six-year low, Bloomberg has reported.
The Islamic bond will be the first from Abu Dhabi since National Bank of Abu Dhabi (NBAD) raised 500 million Malaysian ringgit ($160m) in December from the sale of 10-year bonds paying a coupon of 4.9%……………………………………….Full Article: Source

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