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

NAB planning Australia’s first Islamic bond

Posted on 03 April 2012

National Australia Bank is making preparations to launch Australia’s first Islamic bond, bankers have told IFR, raising expectations that the country’s borrowers may soon be able to target a broader range of investors.
NAB, rated (Aa2/AA–/AA–), is believed to be looking to raise as much as US$500m from an inaugural Sharia-compliant offering that would serve to further diversify its investor base, according to bankers away from the deal………………………………………..Full Article: Source

 
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