Islamic Finance
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Bahrain’s 8-year long sukuk, 12-year bond launched, raising a combined $2.5bln
Bahrain’s dual-tranche dollar-denominated benchmark offering raised $2.5 billion at launch on Wednesday, through a combination of a sukuk and a conventional bond issuance, making the kingdom the latest Gulf sovereign state to tap debt markets. The eight-year long sukuk raised $1.5 billion at launch, with a coupon rate of 5.875%….
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