• Register

Global sukuk issuance dropped 3.1% in February: KFH

: Sunday, March 09 - 2014 @ 01:37

Kuwait Finance House (KFH) has said that Islamic bonds on the global market dropped slightly in volume during the month of February, with total issuances amounting to $9.07bn, down 3.1% from the $9.36bn issuances in the same month a year ago, Kuna has reported. In the GCC, corporate sukuk market started with two landmark corporate sukuk issuances, the first of which was Saudi Arabia’s SR5bn ($1.33bn) National Commercial Bank (NCB) bonds, which marks the largest issuance by a financial institution in the kingdom and the largest ever subordinated debt instrument issued by a financial institution in the MENA region. The second was Dubai Investments Park (DIP) which tapped sukuk market with a debut $300m Islamic bind, representing the GCC’s first USD sukuk issuance this year.

Today's Top Stories

Posted by

Sunday, March 9- 2014 @ 1:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs