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

Saudi Arabia to print $4bln Sukuk

Posted on 17 January 2012

Saudi Arabia’s General Authority for Civil Aviation (GACA) is set to print a 15 billion riyals ($4 billion) ten-year sukuk, its debut Islamic bond offering, a source familiar with the matter told Reuters on Monday.
The transaction will carry a profit rate of 2.5 per cent, the source added, who spoke on condition of anonymity. Investor meetings ahead of the sukuk sale began on January 10, a statement carried by the Saudi Press Agency said at the time………………………………………..Full Article: Source

 
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