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Tamweel: $1 bln bond set

Posted on 07 December 2011

Islamic mortgage lender Tamweel, badly hit by the global financial crisis and the region’s property bust, has set up a $1 billion bond programme, according to a base prospectus.
Tamweel will complete investor meetings in London on Monday, along with its parent company Dubai Islamic Bank, after which it may issue an Islamic bond, or sukuk, guaranteed by DIB. Standard Chartered, Citi and DIB itself are the arrangers and dealers on the programme, according to the prospectus………………………………………..Full Article: Source

 
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