June 16, 2020 / 5:08 AM / 19 days ago

Sharjah Islamic Bank markets 5-year dollar sukuk, a document shows

DUBAI, June 16 (Reuters) - Sharjah Islamic Bank began marketing five-year U.S. dollar-denominated sukuk on Tuesday, a document showed.

It gave an initial price guidance of 285-290 basis points over midswaps for the sukuk, or Islamic bonds, the document from one of the banks arranging the deal showed. It is expected to close later on Tuesday. (Reporting by Yousef Saba; Editing by Muralikumar Anantharaman)

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