20.10.2009 - Ithmaar to launch Mandatory Convertible Sukuk
From Zawya.com: Ithmaar Bank Chairman Khalid Abdulla-Janahi announced that the Bank intends, as part of its capital-raising exercise, to offer a rights issue and launch a five-year Mandatory Convertible Sukuk, the Islamic equivalent of mandatory convertible bond issue. J.P. Morgan is assisting Ithmaar Bank with its capital-raising plans for the Mandatory Convertible Sukuk........................Full Article: Source
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