Islamic Finance

Emirates Islamic issues $500 mln sukuk

UAE's Emirates Islamic has issued a $500 million sukuk, the bank said in a bourse statement dated September 16. 

The sukuk is a five-year paper. 

Reuters reported that the issue attracted around $1.1 billion in orders and that Emirates NBD Capital, HSBC, the Islamic Corporation for the Development of the Private Sector and Standard Chartered arranged the sale. 

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