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

JAFZA sukuk tempts despite still-high leverage

Posted on 15 June 2012

An oversubscribed sukuk from state-owned Jebel Ali Free Zone (JAFZA), sold on Tuesday, looks set to continue attracting demand in the secondary market, where it has already been bid higher post-issue.
JAFZA, an industrial park on the outskirts of Dubai and part of state-owned conglomerate Dubai World, priced its $650 million, seven-year sukuk at 7.00 percent, at the tighter end of guidance, with an order book that was more than three times oversubscribed………………………………………..Full Article: Source

 
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