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

Mashreq to raise bond plan to $5 bln

Posted on 15 February 2010

From Maktoob.com: Mashreq, Dubai’s largest bank by market value, plans to raise the size of a euro medium term note programme to $5 billion from $2 billion, it said late on Thursday.

The lender, owned by billionaire Abdul Aziz al-Ghurair, said in a regulatory filing it would seek approval from shareholders for the bond plan at an extraordinary general assembly meeting on March 7. It did not give further details…………………………………Full Article: Source

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