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

Islamic Development Bank could increase $500 mln bond

Posted on 09 July 2009

From Reuters: The Islamic Development Bank could raise the size of a $500 million Islamic bond depending on market conditions, the latest in a flurry of sukuk issuances from the Gulf Arab region.

“The minimum amount for the sukuk is $500 million,” Mohammad Tariq, the bank’s treasurer told Reuters on Wednesday. “It may be upsized depending on market conditions … when people show interest we will see what rate will be good.”……..Full Article: Source

 
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