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Qatar's Masraf Al Rayan receives over $3.1 bln demand for sukuk -document

Wed, 26th Aug 2020 11:26

DUBAI, Aug 26 (Reuters) - Qatari Islamic lender Masraf Al
Rayan has tightened the price guidance for its five-year U.S.
dollar-denominated sukuk and received more than $3.1 billion in
orders, a document showed on Wednesday.

The bank tightened the price guidance to 190-195 basis
points (bps) over mid-swaps after it began marketing the Islamic
bonds at about 220 bps over mid-swaps earlier on Wednesday. The
deal is expected to close later on Wednesday.

(Reporting by Yousef Saba
Editing by David Goodman

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