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

DIFC to set template for sukuk issuance

Posted on 05 May 2010

From Business24-7.ae: The Dubai International Financial Centre (DIFC) has started to create ‘Dubai docs’, a standardised document for anyone who wishes to list or raise a sukuk from the centre, a move that is aimed to reduce the cost of sukuk documentation.
The centre will use the International Finance Corporation (IFC) sukuk listed on Nasdaq Dubai to set a benchmark for new issuances. The $100 million (Dh367.3m) sukuk, the first Islamic bond by the World Bank in the region, is a dollar-dominated non-amortising issue with a five-year maturity……………………………………..Full Article: Source

 
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