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

Canada’s Bear Mountain to issue $380 mln sukuk

Posted on 03 July 2009

From Reuters: Canada’s Bear Mountain Resort will launch a $380 million sukuk by the end of August in what would be the country’s first-ever rated Islamic bond, a banker working on the deal told Reuters.

Siraj Capital was issuing the bond, said Jonathan Strum, the bank’s head lawyer. Rating agency Moody’s would give the sukuk a credit rating……….Full Article: Source

 
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