29.06.2011 - Almana Group launches 5-year sukuk offering
Qatar’s Almana Group, a multi-line holding company, has launched a five-year, US dollar floating-rate Islamic bond, or sukuk, offering that’s expected to be priced around mid-July, a lead manager on the issue said. “Issue size is to be determined with price guidance in the area of three month US dollar Libor +450 basis points; issue price 100, with pricing expected in the near future,” Gulf International Bank, who is the sole bookrunner and the joint lead manager of the offering, said. Barwa Bank and Qatar Islamic Bank are the other lead managers on the offering..............................................Full Article: Source
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