Tamweel fires up $300m sukuk again for early launch

10 Jan 2012

Tamweel, the Dubai-based mortgage company, has resumed its plans to issue the first $300m tranche of a $1bn sukuk programme. Launch is likely to be imminent.

The issuer put the five year deal on hold due to unfavourable market conditions at the end of 2011, after it completed investor meetings on Monday, December 5.

In contrast, the opening sessions of 2012 have brought a fairly stable global backdrop – widely seen as providing strong ...

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