01.02.2013 - Tamweel repays $300mln sukuk
Tamweel , the UAE Islamic home finance provider, announced that it had repaid in full a $300 million five-year Sukuk, which matured in January 2013. This announcement follows the recent successful settlement by the company of its $210 million home finance asset-backed security issued in 2007. In line with its long term funding strategy, Tamweel issued the Sukuk in early 2008. The proceeds were used for general Islamic financing and corporate purposes...............................................Full Article: Source
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