18.05.2011 - Sharjah Islamic Bank plans $400mln sukuk
Sharjah Islamic Bank (SIB) plans to issue a $400 million Islamic bond. Order books are above $2 billion with pricing on the five-year, dollar-denominated issue expected to be 287.5 basis points above midswaps, according to the document seen by Reuters. The lender said in March it planned to issue an Islamic bond, or sukuk, of between $300 million to $500 million in a letter to the central bank..............................................Full Article: Source
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