Tue, Sep 16, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

JAFZ Sukuk holders approve early redemption of $2 bln

Posted on 28 May 2012

Jebel Ali Free Zone FZE, a business park operator in Dubai, will repay 7.5 billion-dirhams ($2 billion) of Islamic bonds ahead of schedule, the latest of the emirate’s companies to settle financial obligations early.
The majority of sukuk investors who voted for the plan will be “entitled to receive the consent fee of 100 dirhams per 100,000 dirhams in principal amount of the certificates” on or about May 29, Jebel Ali said. The floating-rate notes that comply with Islam’s ban on paying interest are due in November………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930