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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

GE Capital shrugs off market blues, lists $500mln Sukuk on NASDAQ Dubai

Posted on 11 December 2009

From Khaleejtimes.com: GE Capital has listed a $500 million sukuk on NASDAQ Dubai, the first such listing by a major US company and a vote of confidence in Dubai as a regional financial centre, executives said on Thursday.

GE Capital, the finance arm of Connecticut-based General Electric Company, sold the sukuk, or Islamic bond, to investors in the Middle East, Asia and Europe on November 27………………………………Full Article: Source

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