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

IDB Sukuk said to yield up to 50 points over midswap

Posted on 20 October 2010

From Bloomberg: slamic Development Bank’s five-year Islamic bonds may be priced to yield between 40 basis points and 50 basis points more than the benchmark midswap rate, three people familiar with the plan said.
The dollar-denominated sukuk may be priced tomorrow, said two of the people, who declined to be identified as the terms of the deal aren’t set. CIMB Holdings Bhd.,Citigroup Inc., HSBC Holdings Plc and Standard Chartered Plc are managing the sale, two people familiar with the plan said Oct. 4……………………………………….Full Article: Source

 
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