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

Bahrain raises Sukuk prices to $750mln

Posted on 10 June 2009

From Bi-me.com: The smallest oil producer among the six Gulf Arab states, Bahrain, raised the size of its Islamic bond to US$750 million and tightened the pricing on its five-year note complying with Islam’s ban on interest, Algebra Capital said.

The bond may be priced to yield about 340 basis points above similar maturity US Treasuries, Mohieddine Kronfol, Managing Director at Algebra in Dubai, said in an interview today. Algebra, which manages a fund that is dedicated to Islamic bonds, is investing in the issue……Full Article: Source

 
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