10.02.2012 - HBSC completes first ever government guaranteed Sukuk in Saudi
HSBC announced that it has completed the first ever government guaranteed Sukuk in Saudi Arabia for Saudi Arabia's General Authority of Civil Aviation 'GACA'. Raising SR15bn ($4bn) for GACA, the Sukuk achieved a profit rate of 2.5%. HSBC acted in sole capacity as Lead Manager and Bookrunner, Sukuk Arranger, Shari'ah Coordinator, Sukuk Holders' Agent, and Payment Administrator...............................................Full Article: Source
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