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Strong US dollar sukuk issuance is positive for companies’ capital raising efforts

On 27 March, Mamoura Diversified Global Holding PJSC (Aa2 stable), a strategic investment vehicle under the Government of Abu Dhabi (Aa2 stable), priced its inaugural sukuk1 issuance worth $1 billion. Mamoura's sukuk is the latest in a string of sukuk issuances that takes total year-to-date US dollar issuance for corporates to $8.7 billion, a record high for the first quarter.

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