Nov 30 2011
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Bahrain prices $750m 2018 Sukuk
The certificates, which were rated BBB by both S&P and Fitch, will be issued by CBB International Sukuk Company and are expected to settle on November 22, 2018. They will be listed on the London Stock Exchange.
The deal was arranged by BNP Paribas, Citigroup and Standard Chartered, and marks the kingdom's fourth transaction in the international Sukuk markets, with allocations of 62% to Middle East investors, 20% to European, 12% to Asian, and 6% to investors from other regions.
The CBB did not respond to a request for comment from The Islamic Globe by the time it went to press.
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