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

Almana prices $215 mln Sukuk

Posted on 19 July 2011

Qatar’s Almana Group has priced its five-year $215 million floating rate trust certificate sukuk at 3-month US Dollar Libor plus 450 basis points with an issue price at par.
The sukuk, issued by Almana Sukuk 2011 Limited, a limited liability special purpose company incorporated in the Cayman Islands is guaranteed by Almana Group, Almana Motors Company, Almana Trading Company, United Cars Almana and Almana Maples……………………………………….Full Article: Source

 
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