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

Islamic Development Bank prices $800 mln 5-year sukuk

Posted on 20 June 2012

Saudi-based Islamic Development Bank (IDB) priced an $800 million five-year sharia-compliant bond, or sukuk, on Tuesday, lead arrangers said, in its first public debt issuance in over a year.
The size of the sukuk was increased to $800 million from $750 million at launch, indicating string demand for the sale, and the issue carries a profit rate of 1.357 percent………………………………………..Full Article: Source

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