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

HSBC leads $4bln Saudi Sukuk

Posted on 24 January 2012

HSBC Saudi Arabia said it had led a very successful SR15 billion ($4 billion) 10-year Sukuk issuance for the General Authority of Civil Aviation (GACA). The funds from the Sukuk issuance will be used for the construction of the new King AbdulAziz International Airport in Jeddah.
Walid Khoury, CEO of HSBC Saudi Arabia, ‘We are extremely proud and honoured to be part of this historic transaction, that is globally the largest single-tranche Sukuk ever issued.’……………………………………….Full Article: Source

 
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