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

GE Capital said to sell 5-year bond in first Sukuk

Posted on 17 November 2009

From Bloomberg: General Electric Capital Corp. plans to sell five-year Islamic bonds in dollars in its first Shariah compliant debt offer, according to two bankers involved in the transaction.

The unit of General Electric Co., the world’s biggest provider of energy equipment and services, hired Citigroup Inc., Goldman Sachs Group Inc., National Bank of Abu Dhabi PJSC, and the Bahrain-based Liquidity Management Centre BSC to manage the sale, according to bankers who declined to be identified because the transaction isn’t complete yet………………..Full Article: Source

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