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UK wins sovereign sukuk race as Treasury hints at paying Gilt premium

London parliament px230 for gc
By Dan Alderson
19 Jun 2014

The United Kingdom has pulled ahead decisively in the lop-sided race to issue the first Western sovereign sukuk, writes Dan Alderson. Tiny rival Luxembourg could only look on this week as UK borrowing officials roadshowed the groundbreaking offering across six Gulf and Asian money centres in three days — bolstering London’s bid for regional leadership in Islamic finance.

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By Dan Alderson
19 Jun 2014