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

SIB plans to launch dollar sukuk sale

Posted on 04 April 2013

Sharjah Islamic Bank, or SIB, a lender part-owned by the UAE emirate of Sharjah, plans to sell a dollar-denominated Islamic bond, or sukuk, and has picked four banks to arrange meetings with fixed income investors, lead arrangers said on Tuesday.
Sharjah Islamic, which converted into an Islamic bank in 2002, chose Abu Dhabi-based Al Hilal Bank, HSBC Holdings, Kuwait’s Liquidity Management House and Standard Chartered to lead the roadshows, which begin on Thursday and will take place in Asia and Europe. A dollar-denominated, benchmark-sized sukuk may follow the meetings, subject to market conditions. Benchmark size is understood to mean at least 500 million………………………………………..Full Article: Source

 
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