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

Al Hilal confirms $500mln Sukuk mandate

Posted on 24 January 2012

Abu Dhabi government-owned Al Hilal Bank has confirmed the appointment of three banks to manage its debut $500 million Islamic bond issue, which will be issued later this year, its chief executive said on Monday.
“We have started the preparatory work for issuing our first sukuk for which we are still at an early stage. We hope that this year we can tap the market,” CEO Mohamed Berro said in an interview on the sidelines of an Islamic finance and banking conference in the capital of Oman………………………………………..Full Article: Source

 
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