Rakia bond goes ahead with steep pricing
- Published: 27 November 2007 15:09
- Author:Matthew Martin | More by this Author
- Last Updated: 27 November 2007 17:35
Ras A-Khaimah Investment Authority (Rakia) has priced $325m of Islamic bonds at 150 basis points over London interbank offered rate (libor), making it even more expensive than Dubai Electricity and Water Authority's (Dewa) sukuk, which was pulled for being too expensive.
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