Jafza sukuk climbs in secondary; 25% sold to Europe

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Jafza sukuk climbs in secondary; 25% sold to Europe

In spite of pricing at a level that even bankers close to the deal conceded was aggressive, this week's sukuk from Dubai's Jebel Ali Free Zone (Jafza) rose from par to 100.50/100.75 on Wednesday amid buoyant local markets.

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