UK issues sophomore sovereign sukuk more than double the size of debut
The government of the United Kingdom on Thursday (March 25) sold its second-ever sukuk that was more than double the size of its debut offering in 2014.
HM Treasury said in a statement on Thursday the profit rate for the five-year £500 million sukuk was set at 0.333%, flat to the yield on the existing 1.5% gilt due July 2026.
The ijarah sukuk is based on rental income from central government office properties.
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