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

Sukuk success

Posted on 12 June 2009

From Gulf-daily-news.com: The Central Bank of Bahrain has announced that the latest Sukuk issuance of the government of Bahrain has been successfully placed. The initial size of the sukuk offering was $500 million, but the issue was oversubscribed by almost eight times.

As a result, the value of the sukuk was raised to $750 million. “One of the major reasons behind this issue was to establish a yield curve benchmark for longer-term Islamic securities,” said CBB executive director banking operations Shaikh Salman bin Isa Al Khalifa……..Full Article: Source

 
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