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

Aramco-Total JV to sell $1 bln Sukuk for refinery

Posted on 12 October 2010

From Bloomberg: Saudi Aramco and Total SA plan to sell Islamic bonds valued at $1 billion this year to fund construction of their joint oil refinery in Jubail, said Simon Eedle, global head of Islamic banking at Credit Agricole SA.
Paris-based Credit Agricole is the lead arranger of the Islamic bond and is helping to structure the facility also known as sukuk, Eedle said in Abu Dhabi today……………………………………….Full Article: Source

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