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UIB closes $150m Musharaka Sukuk
- Kuwait: Wednesday, September 20 - 2006 at 15:12
Bahrain-based Unicorn Investment Bank and WestLB London Branch have closed the $150m Musharaka Trust Sukuk for Kuwait's Investment Dar. The shariah-compliant sukuk is structured with a put option - allowing investors to exit at year three - and a call option for the issuer under the same terms. UIB acted as structuring agent and WestLB was underwriter and bookrunner.
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James McInerney, News EditorWednesday, September 20 - 2006 at 15:12 UAE local time (GMT+4)
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This article was updated on Sat Sep 23 2006.
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