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

Banque Saudi Fransi to launch $2 bln Sukuk

Posted on 23 April 2012

According to a regulatory filing on the London Stock Exchange (LSE), Banque Saudi Fransi has filed a base prospectus for a $2 billion Sukuk programme. According to its prospectus, Citigroup, Credit Agricole, Deutsche Bank and Saudi Fransi Capital are arrangers and dealers on the programme.
The programme will follow a Wakala structure. The trustee is Cayman Islands-registered BSF Sukuk, which will use proceeds from each series of certificates to purchase Ijara and other income-generating Shari’ah-compliant assets from Saudi Fransi………………………………………..Full Article: Source

 
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