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Financials

Sharjah Islamic Bank to sell $500 mln in 5-yr dollar sukuk -document

DUBAI, June 16 (Reuters) - Sharjah Islamic Bank is expected to sell $500 million in five-year U.S. dollar-denominated sukuk at 2.9% plus or minus 5 basis points, a document showed on Tuesday.

The bank received over $3.5 billion in orders for the deal, which is expected to close on Tuesday, the document from one of the banks arranging the deal showed.

Reporting by Yousef Saba; editing by Jason Neely

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