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

Ithmaar to launch Mandatory Convertible Sukuk

Posted on 20 October 2009

From Zawya.com: Ithmaar Bank Chairman Khalid Abdulla-Janahi announced that the Bank intends, as part of its capital-raising exercise, to offer a rights issue and launch a five-year Mandatory Convertible Sukuk, the Islamic equivalent of mandatory convertible bond issue.
J.P. Morgan is assisting Ithmaar Bank with its capital-raising plans for the Mandatory Convertible Sukuk……………………Full Article: Source

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