Al-Jazira Bank

AlJazira Bank issues $267m Islamic bond

Al-Jazira Bank completed a $267 million 10-year Islamic bond sale which was four times oversubscribed.
The issuance subscriptions were four times more than the amount approved by the Saudi monetary agency.

Source: 

http://www.sukuk.me/news/articles/28/AlJazira-Bank-issues-$267m-Islamic-bond.html

Saudi's Al-Jazira Bank plans Islamic bond sale

Saudi's Al-Jazira Bank plans to issue a local currency-denominated Islamic bond to boost its capital and expansion plans. Al-Jazira did not specify the size of the Sukuk or when it plans to launch the issue but said that the local units of Hong Kong Shanghai Banking Corporation (HSBC) and J.P. Morgan Chase & Company will be managing the bond sale.

Syndicate content