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

EIB completes $500mln Sukuk issue

Posted on 17 January 2012

Emirates Islamic Bank (EIB) has completed issuance of $500 million sukuk certificates maturing in 2017 as part of its $1 billion Trust Certificate Issuance Programme.
The programme is guaranteed by Emirates NBD rated A3 by Moody’s and A+ by Fitch. The Certificates pay a profit rate to investors of $ 5-year Mid-swaps + 350bps (4.718 per cent)………………………………………..Full Article: Source

 
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