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Jordan closes its Inaugural Sovereign Local Currency Sukuk in Cooperation with Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA)

Alwihda Info | Par APO - 17 Octobre 2016 modifié le 1 Janvier 1970

On the 17th of October 2016 the Hashemite Kingdom of Jordan (“Kingdom”), closed its inaugural local currency Sukuk. The debut sovereign issuance was more than three-times oversubscribed. The amortized Ijarah-based Sukuk has a tenor of five years and expected profit rate of 3.01%. The landmark sovereign issuance marks a major step to develop the Islamic […]

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