Islamic Finance
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Saudi Arabia's Bank Al Bilad prices 2 bln riyal sukuk issue
Saudi Arabia's Bank Al Bilad priced an Islamic bond issue worth 2 billion riyals ($533 million) at 200 basis points above the three-month Saudi interbank offered rate, the lender said in a bourse statement on Tuesday. The sukuk have a tenor of 10 years, with the bank having the right…
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