Islamic Finance
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Islamic Development Bank launches $750 mln 5-yr sukuk – leads
Saudi-based Islamic Development Bank launched a $750 million five-year sharia-compliant bond, or sukuk, on Tuesday, with pricing expected later in the day. The issue, the first from the supranational institution in over a year, is due to price at a spread of 40 basis points over midswaps, arranging banks said…
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Click here to read the full story: Reuters