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Prospect News home > News index > List of issuers A > Headlines for Arcapita Bank BSC(c) > News item
Published on 2/12/2015 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

RA Holding Mudareb OKs redemption of $150 million sukuk certificates

By Toni Weeks

San Luis Obispo, Calif., Feb. 12 – RA Holding Corp. said that wholly owned subsidiary RA Holding Mudareb Ltd. has approved the redemption of $150 million of the sukuk certificates issued under the second amended joint plan of reorganization of Arcapita Bank BSC.

RA Holding is the top level holding company in the group created under the plan of reorganization of Arcapita Bank under chapter 11 of the U.S. Bankruptcy Code. Arcapita is a Manama, Bahrain-based investment bank.


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