Islamic Finance
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Saudi Arabia hires JPMorgan, Standard Chartered for $2.5 bln sukuk
Saudi Arabia has hired banks including JPMorgan and Standard Chartered to manage a $2.5 billion issuance of sukuk, or Islamic bonds, the kingdom's first international debt sale since an assault on its oil facilities last month. The strikes, that initially halved Saudi crude production, led to a rating downgrade by…
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