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Tolkien Funding Sukuk FLSU% 2052-07 GBP

New bond issue: Tolkien Funding Sukuk issued new debt notes (XS1756356298) for 250M GBP as of February 16, 2018. Tradable at Euronext Dublin as of February 22, 2018. Listed at London Stock Exchange as of March 6, 2018.

Tolkien Funding Sukuk No.1 PLC is a debt issuing vehicle for Al Rayan Bank. Al Rayan Bank PLC is a commercial bank in the United Kingdom offering Sharia compliant Islamic banking services. Al Rayan is headquartered in Birmingham, United Kingdom.

IssuerTolkien Funding Sukuk
Bond TypeCorporate
Maturity DateJuly 20, 2052
Residual Duration31 years, 5 months, 24 days
CurrencyGBP (British Pound)
Coupon TypeFloating Step-up Rate
Coupon (Yearly)0.800%+GBPLibor3M<=2021-04, 1.600%+GBPLibor<=2052
Coupon FrequencyQuarterly
Minimum Lot100,000 GBP
Additional Lots1,000 GBP
Issue DateFebruary 22, 2018
Issued Amount250,000,000 GBP
Issue Price100.000%
Maturity Price100.000%
Home ExchangeDublin
Other ExchangesLondon
Issue DocumentationIssue Prospectus
CountryUnited Kingdom
RegionEurope developed

Bonds, Corporate, Financials, Banking, Europe developed, United Kingdom, GBP, Floating Step-up Rate, Income

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