US EditionThe Riyadh Bank Collects $1.25 Billion in Annual Return Credit Certificates.
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The Bank of Riyadh has now begun issuing a dollar-denominated credit certificate from the second tranche, with a minimum of 200,000, for general banking purposes, for 10 years, with the possibility of being summoned half the time. The Bank, through a statement in "trade" today, said that the instruments will be submitted today and tomorrow to qualified investors inside and outside Saudi Arabia, and the value of the subtraction and return will be…
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