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

GIB closes Saudi bond issue after raising SR2bln

Posted on 11 November 2009

From Arabnews.com: Gulf International Bank (GIB) announced today the successful closure of its Saudi riyal-denominated bond issue, which was launched in Saudi Arabia last week through the bank’s Riyadh branch.

Although the issue was originally targeted for SR1.5 billion, the bank said the final issue size had been increased to SR2 billion due to the substantial demand from investors…………………………..Full Article: Source

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