Emirates Islamic closes $250m sukuk tranche

/By Arabian Post Staff/Emirates Islamic announced it has successfully closed a US$ 250 million tap of its earlier US$ 750 million 5-year Sukuk issued in May 2016.

This is under the bank’s US$ 2.5 billion Certificate Issuance Programme. The tap generated an order book of US$ 706 million, reflecting the solid regional and international investor confidence in the bank.

Earlier this month, ratings agency Fitch affirmed Emirates Islamic’s ‘A+ rating.

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