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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

UAE SWF RAKIA to issue $500mln Sukuk

Posted on 24 June 2009

From Zawya.com: UAE-based sovereign wealth fund Ras Al Khaimah Investment Authority will issue a sukuk worth up to $500 million in July, people familiar with the matter said.

“The underlying assets for the sukuk will be property,” one of the persons with knowledge of the bonds told Zawya Dow Jones on Tuesday. “The maturity will be about five years and the size is expected to be $400 million to $500 million.” ……Full Article (Subscription Required): Source


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