BMA Mandates Citi Islamic For First International Bond Issue
The Bahrain Monetary Agency (BMA) announced on 18 October that it had mandated Citi Islamic Investment Bank, a wholly-owned subsidiary of US-based Citicorp, to arrange a $250mn, five-year Islamic leasing bond issue (Ijara sukuk) to be launched next month. The issue is BMAs first international issue and the second to be made by the Government of Bahrain. The issue will refinance an existing...
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