Islamic Finance
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Saudi British Bank Prices 1.5 Bln Riyal Capital-Boosting Sukuk
Saudi British Bank, an affiliate of HSBC Holdings, has completed a 1.5 billion riyal capital-boosting sukuk issue it said on Wednesday. The Islamic bond has a lifespan of seven years, with a clause allowing the bank to redeem the paper after five years, and was priced at 1.4 percent over…
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Click here to read the full story: Reuters