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

Fitch Affirms Saudi-based Islamic Development Bank’s $ 3.5 bln Sukuk at AAA

Posted on 26 August 2010

From Globalarabnetwork.com: Fitch Ratings has today affirmed the rating of IDB Trust Service Limited’s USD3.5bn Trust Certificate Issuance Programme (TCIP) at ‘AAA’. The programme benefits from a liquidity facility provided by the Islamic Development Bank (IDB).
The rating affirmation follows the IDB’s announcement that it has increased the ceiling of the programme to USD3.5bn from USD1.5bn in August 2010……………………………………….Full Article: Source

 
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