19.05.2011 - SIB Sukuk prices $400 mln 2016 bond
Following are terms and conditions of a Trust Certificate priced on Wednesday. Borrower SIB Sukuk Company II Limited. Sukuk Obligor Sharjah Islamic Bank Issue. Amount $400 million. Maturity Date May 27, 2016 Profit rate 4.715 pct. Spread 270 basis points. Underlying govt bond Over Mid-swaps, equivalent to 292.5. bp over the 2.0 pct April 30, 2016.............................................Full Article: Source
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