Mumtalakat to issue $97.7m Islamic bond

Wealth fund Mumtalakat, Bahrain, has priced a 300 million ringgit ($97.7m) five-year sukuk on September 7. Standard Chartered and CIMB Islamic helped pricing the Islamic bond. The murabaha-structured deal has been issued as part of the company's three billion ringgit sukuk programme. The issuance itself is due October 4.

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