Islamic Finance
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StanChart, JPMorgan, NCB Capital to Manage Saudi Telecom Sukuk
Saudi Telecom Co. (STC) hired Standard Chartered Plc, JPMorgan Chase & Co. and NCB Capital to market its debut Islamic bond as companies in the oil-rich kingdom increasingly tap the debt market for funds. The banks will manage the potential sale under a 5-billion riyal ($1.3 billion) sukuk program, Saudi…
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Click here to read the full story: Bloomberg