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US’ GE Capital raises $500 mln in debut Islamic bond

Posted on 20 November 2009

From Reuters: A unit of General Electric Co raised $500 million in a 5-year Islamic bond sale, the first by a large U. S. conglomerate, as it looks to diversify its investor base.

In July, GE and Mubadala Development Co, a state-owned investment holding company based in Abu Dhabi, established an $8 billion commercial finance joint venture for investments primarily in the Middle East and Africa……………………..Full Article: Source

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