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Aramco, Total said to hire bankers to issue Sukuk for refinery

Posted on 22 February 2010

From Businessweek.com: Saudi Arabian Oil Co., the world’s biggest crude producer, and Total SA hired banks to sell Islamic bonds to help fund the construction of a $12 billion oil refinery, said two bankers familiar with the transaction.

Saudi Arabian Oil, also known as Aramco, and Total, Europe’s largest refiner, appointed Deutsche Bank AG, Samba Financial Group and Calyon to manage the mainly domestic bond sale, said the bankers, who declined to be identified as the details are private. The lead managers will start investor meetings late next month or at the beginning of the second quarter, they said……………………Full Article: Source

 
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