Copying and distributing are prohibited without permission of the publisher
GE Capital prices first sukuk
19 November 2009
There was great demand for the first US issued an Islamic bond.
Read more:
Ge Capital
Sukuk
Islamic bond
Goldman Sachs
Citi
National Bank of Abu Dhabi and Liquidity house
Nasdaq Dubai
London Stock Exchange
GE Capital has priced a $500 million sukuk today. The aircraft backed Islamic bond priced at treasuries plus 175 basis points. GE Capital is guaranteeing the bond.
"The pricing was spot on the guidance given to accounts,” says a source close to the deal. “Relative to other liquid benchmarks such as GE Capital's recent five year...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
