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Noor Bank Successfully Issues $500 Million Sukuk

Noor Bank, one of the UAE’s leading Shari’a compliant banks, has successfully priced its US$500 million sukuk issuance with a five-year tenor on the back of a strong demand from global investors for the bank’s credit. The benchmark-sized, senior unsubordinated sukuk with a wakala structure was priced with a profit…

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Source: Noor Bank

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