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

Abu Dhabi’s FGB delays bond issue as markets volatile

Posted on 11 November 2010

From Arabianbusiness.com: Abu Dhabi lender First Gulf Bank (FGB) decided to hold off issuing a benchmark $500 million bond due to volatile market conditions, lead arrangers said on Wednesday.
“The sale stands postponed because of volatile markets,” one banker from a lead arranging bank told Reuters. Another lead arranger confirmed the decision……………………………………….Full Article: Source

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