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Islamic Finance
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Islamic Development Bank sells $2bln five-year sukuk – document
Jeddah-based Islamic Development Bank sold $2 billion in five-year sukuk at 40 basis points over mid-swaps, a document from one of the lead banks on the deal showed on Wednesday. The bank tightened the spreads after it had began marketing the notes at the high 40s bps over mid-swaps on…
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