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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Aramco, Dow petchem JV picks banks for sukuk

Posted on 13 June 2012

Sadara, the $20 billion petrochemical joint venture between oil giant Saudi Aramco SDABO.UL and Dow Chemical, picked four banks to manage the Islamic bond, or sukuk, portion of its multi-billion dollar fundraising, three sources said on Tuesday.
Deutsche Bank, Riyad Bank 1010.SE, Alinma Bank 1150.SE and Bank Al Bilad 1140.SE have been mandated for the deal, likely to be denominated in riyals, which will be only the second project finance sukuk ever to be raised in Saudi Arabia………………………………………..Full Article: Source

 
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