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Ras al-Khaimah eyes debut dollar sukuk

The UAE emirate of Ras al-Khaimah (A/A) will price its debut five year dollar denominated sukuk benchmark on Wednesday or Thursday through BNP Paribas and Standard Chartered. The deal is expected to be around $1bn in size and pricing is likely to be competitive given the trail-blazing transactions of its wealthier peer Abu Dhabi, and other top-quality Gulf credits, said bankers. Read EuroWeek on Friday for full details.

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