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Thani Investments Bond Sale

Thani Investments plans to sell $100 million of Islamic bonds in June for general corporate funding purposes, co-lead arranger Bahrain's Liquidity Management Centre (LMC) said.

Emirates Islamic Bank, a unit of Emirates Bank International, and the LMC have been mandated to arrange the sale of the five-year Islamic bonds, or sukuk, LMC said in a statement.

The bonds will be priced at 2.5 per cent over the six-month London interbank offered rate, LMC said. (Reuters)
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