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Bahrain’s nogaholding prices $750m international sukuk

Bahrain’s Oil & Gas Holding Company (nogaholding) has announced that it has successfully priced $750 million international trust certificates with a maturity date of May 25 and a profit rate of 6.625%. This transaction marks nogaholding’s successful return to the international capital markets. 

The new 10-year senior unsecured Sukuk Al Ijara/Murabaha is rated B+ by top ratings agency Fitch and has priced at a spread of 306.1bps over US Treasuries, said the statement from nogaholding. 

Link: https://www.tradearabia.com/news/BANK_409621.html

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