Bahrain’s Mumtalakat prices $600m sukuk:
"Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate.
Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the Gulf Daily News (GDN), our sister publication.
The transaction represents Mumtalakat's first dollar sukuk issuance and was executed as a drawdown under its recently established $1,000 million Regulation S Multicurrency Trust Certificate Issuance Programme which is listed on the Irish Stock Exchange."
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