Home » wire - UAE Lender FGB plans $650 million sukuk

26/07/2011 02:26:00 PM GMT   Comments ()     Add a comment   Print     E-mail to friend
First Gulf Bank (FGB) is a new entrant in the already established Islamic Sukuk market

 [Reuters] First Gulf Bank (FGB) plans to raise $650 million from the sale of its debut Islamic bond, or sukuk, according to a document from lead arrangers, seen by Reuters. Pricing is expected later on Tuesday and final guidance is at 200 bps over midswaps, tighter than the earlier indicated guidance of 210 bps over midswaps, the document showed. Citi, Standard Shartered and HSBA are mandated arrangers for the sale. omar1.1
Source: Al Arabiya Digital

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