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Prospect News home > News index > List of issuers R > Headlines for Ras al Khaimah Investment Authority > News item
Published on 10/11/2007 in the Prospect News Emerging Markets Daily.

United Arab Emirates' Rakia mandates Credit Suisse, HSBC, NBD for benchmark sukuk

By Aaron Hochman-Zimmerman

New York, Oct. 11 - Ras Al Khaimah Investment Authority has asked Credit Suisse, HSBC, and NBD Investment Bank to act as bookrunners for its debut benchmark dollar-denominated senior sukuk, according to a source close to the deal.

The offer will be guaranteed by the government of Ras Al Khaimah.

Rakia is an investment company based in the Ras Al Khaimah, United Arab Emirates.


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