Islamic Finance
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Saudi's Riyad Bank prices $1.1 bln local-currency sukuk
Riyad Bank , the third-largest lender by market value in the kingdom, sold an Islamic bond worth 4 billion riyals ($1.07 billion) through a private placement, it said in a bourse filing on Thursday. The bank priced the issue at 0.68 percent over the three-month Saudi interbank lending rate. The…
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Click here to read the full story: Reuters