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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

RAK completes formalities for $400mln sukuk

Posted on 23 July 2009

From Gulfnews.com: The Ras Al Khaimah Government on Wednesday completed the formal documentation for its landmark $400 million (Dh1.46 billion) sukuk (Islamic bond) issue, with Standard Chartered Bank, BNP Paribas and Liquidity House acting as joint bookrunners.

This issuance is both the first dollar sukuk issued by a sovereign and by an emirate in the UAE………Full Article: Source

 
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