Bahrain's Ithmaar Bank pulls benchmark-sized dollar-dominated five-year sukuk

By Aaron Hochman-Zimmerman

New York, July 12 - Ithmaar Bank withdrew its planned offer of a benchmark-sized dollar-dominated five-year sukuk (BBB-), according to a market source.

UBS had been mandated as the bookrunner for the Regulation S Islamic bond.

The source did not indicate whether or not Ithmaar may reintroduce the deal.

Ithmaar is a Manama, Bahrain-based commercial and investment bank.

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