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

Emirates NBD’s Islamic unit eyes 5-yr benchmark Sukuk

Posted on 10 January 2012

Dubai lender Emirates NBD’s Islamic unit, Emirates Islamic Bank, has set an initial price whisper in the area of 350 basis points over midswaps for its five-year, benchmark-sized Islamic bond, or sukuk, lead managers said on Monday.

Books for the trade were now open, with pricing due to take place this week, they added. Investor meetings are due to conclude in London on Monday, having previously met investors in Malaysia, Singapore and Abu Dhabi…………………………………….Full Article: Source

 
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