RAK Government considers first Islamic bond issue since 2009 | The National:
"The Government of Ras Al Khaimah plans to test the waters for its first sukuk issuance since 2009, taking advantage of stable capital markets to refinance its existing debt.
The northern emirate’s Government announced yesterday morning that it would conduct a series of meetings with fixed income investor meetings in Asia, the Middle East and Europe, and an Islamic bond sale may follow under its US$ 2 billion sukuk programme.
Investor meetings will be held in Singapore, Kuala Lumpur, Abu Dhabi, Dubai and London, between tomorrow and Monday. The meetings will be arranged by Citigroup (acting as global coordinator), Mashreq, Al Hilal, Standard Chartered and National Bank of Abu Dhabi."
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