26.09.2012 - Mumtalakat prices sukuk
Bahrain's sovereign wealth fund Mumtalakat priced a 300 million ringgit ($97.7m) five-year sukuk on September 7 via Standard Chartered and CIMB Islamic. The murabaha-structured deal is the first by the AA2 (Ram) rated borrower in the ringgit market and has been issued off its three billion ringgit sukuk programme. Mumtalakat went on investor meetings in the summer but held back from issuing because basis swaps were not favourable for Gulf borrowers at the time...............................................Full Article: Source
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