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

Jafza to issues $650mln sukuk

Posted on 13 June 2012

Jebel Ali Free Zone Authority (Jafza), a state-owned industrial park, plan issued a $650-million, seven-year Islamic bond on Tuesday to help refinance an upcoming maturity and has set initial price guidance for the deal, arranging banks said.
Profit rate guidance for the sukuk is indicated at between 7 and 7.25 percent and the new issue had attracted orders of about $1.75 billion at 1200 GMT (4pm UAE time) on Tuesday, according to an update from lead arrangers………………………………………..Full Article: Source

 
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