Sharjah Islamic is selling sukuk for $ 500 million

Sharjah Islamic Bank intends to sell $ 500 million in five-year dollar sukuk, at 2.9%, plus or minus five basis points.

According to Reuters, a document issued by one of the banks that arranged the operation showed that the bank had received applications for subscription of more than $ 3.5 billion in the deal expected to close on Tuesday.

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