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

$1bln Saudi Islamic bond on the cards

Posted on 13 October 2010

From Zawya.com: State-owned Saudi Aramco and France’s Total will launch a $1 billion Islamic bond, or sukuk, in the fourth-quarter, for their joint venture in the kingdom, a banker at a lead arranger said yesterday.
The sukuk is related to the financing of a venture between the oil majors to build a 400,000 barrels per day (bpd) crude refinery in Jubail, on the Gulf coast……………………………………….Full Article: Source

 
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