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Barwa Bank boosts debt markets deals with IDB sukuk role

Posted on 21 June 2012

Steve TroopBarwa Bank has said its involvement in the $800mn five-year sukuk for Saudi-based Islamic Development Bank (IDB) as joint lead manager indicates its strong presence in the debt capital markets.
On the deal, which marks the bank’s first sukuk involvement as joint lead manager, Barwa Bank CEO Steve Troop said: “We are extremely proud to be lead arrangers for this transaction, which is IDB’s first public debt issuance in more than a year. Our aim is to associate Barwa Bank with the leading institutions and IDB, the highest-rated institution in the Middle East (AAA), represents one of the most prestigious names in Islamic finance………………………………………..Full Article: Source

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