Islamic Finance
Sovereign wealth
Uncategorized
Bahrain’s Mumtalakat raises $500 mln in Islamic bonds
Bahrain's sovereign wealth fund Mumtalakat raised $500 million in sukuk, or Islamic bonds, on Tuesday, a document by one of the banks leading the deal showed. The seven-year sukuk offer a profit rate of 4.25%, according to the document. Citi, Gulf International Bank GLFBK.UL, HSBC, KFH Capital, National Bank of…
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