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

BSF launches $750mln sukuk

Posted on 17 May 2012

Banque Saudi Fransi (BSF), the lender part-owned by Credit Agricole, launched a $750 million five-year Islamic bond Tuesday at the tighter end of price guidance, which indicated strong investor demand for the issue.
Saudi Fransi, the Kingdom’s fifth largest bank by market capitalization, launched the sukuk at a spread of 185 basis points over midswaps, arranging banks said, at the lower end of the range indicated earlier in the day………………………………………..Full Article: Source

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