Middle East Economic Survey
VOL. XLVII
No 41
11-October-2004
CAPITAL MARKETS
First Islamic Banks 75Mn Sukuk Issue Oversubscribed
Bahrains First Islamic Investment Bank has issued a 75mn sukuk in conjunction with the Manama-based Liquidity Management Centre (LMC), which is acting as the manager for the issue. The sukuk, known as First Islamic Registered Aman Euro Notes (Euro FIRSAN), was oversubscribed by 25mn, and was increased to 75mn from the 50mn originally projected to accommodate the strong...
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