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

Nomura sells Sukuk to support Shariah ambition

Posted on 07 July 2010

From Bloomberg: Nomura Holdings Inc. plans the first sale of dollar-denominated Islamic bonds in Malaysia by a Japanese company, supporting its expansion in an industry with $1 trillion of assets.
Japan’s largest brokerage will sell $100 million of Ijarah sukuk that will mature in 2012, Nomura said in a statement in Kuala Lumpur today. The securities will be priced to yield 160 basis points more than the London interbank offered rate, said Jamelah Jamaluddin, chief executive officer of Kuwait Finance (Malaysia) Bhd., the sale arranger……………………………………….Full Article: Source

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