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Nomura raises $70 mln from Mideast Islamic facility

Posted on 16 July 2010

From Reuters: Japan’s Nomura Holdings on Thursday said it raised $70 million through an Islamic financing instrument in the Middle East, a move that follows an Islamic bond sale earlier this month in Malaysia.
Nomura’s Commodity Murabaha facility has a three year tenor offering a profit margin of 175 basis points per year and will be used for liquidity management purposes, the company said a statement. The bank had an initial target to raise $50 million……………………………………….Full Article: Source

 
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