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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Emirates NBD aims for 4pct Sukuk yield

Posted on 10 January 2012

Emirates NBD, majority-owned by the Dubai government, may attract funds to the emirate’s first sukuk sale by a bank since 2007, with debt priced at a 150 basis-point discount to the government’s Islamic bond.

The lender’s Sharia-compliant unit is likely to attract investors with returns as low as 275 basis points above midswaps, or about 4 per cent, Albaraka Banking Group said…………………………………….Full Article: Source

 
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