Dubai's Noor Bank may sell debut sukuk after setting up $3 bln programme

April 14, 2015 9:47 AM

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DUBAI, April 14 (Reuters) - Noor Bank may conduct a benchmark-sized sukuk issue after setting up a $3 billion Islamic bond programme, the Dubai-based lender confirmed to Reuters on Tuesday, with banking sources indicating the sale could happen as early as this month.

"Noor Bank has confirmed that they have today established (a) $3 billion sukuk trust certificates issuance programme to be listed on NASDAQ Dubai," the bank said in a statement to Reuters.

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