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Lovells advises on first ever sukuk ‘buy back’

Posted on 22 May 2009

From Ameinfo.com: The world’s first sukuk ‘buy back’ closed today, 21 May, by Dubai Islamic Bank (DIB) purchasing $50,620,000 of the 5 year $750,000,000 Sukuk issued by DIB Sukuk Company Limited in 2007.
This first sukuk ‘buy back’ provides encouragement to issuers who are considering whether to take advantage of purchasing their sukuk if it’s trading materially below par…….Full Article: Source

 
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