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

Golden Belt Sukuk holders approve dissolution

Posted on 19 May 2010

From Epifinancial.net: Twenty five per cent of the Sukuk holders voted to dissolve the trust after the unit defaulted by failing to pay periodic distribution amount in November last year.
Citicorp, a trustee for $650 million Sukuk sold by a unit of Saad Group, said that it does not intend to dissolve the trust until Saad Group indemnifies for the services it performed for Golden Belt trust……………………………………Full Article: Source

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