• Register

Worldwide Islamic bonds sales set for record year

: Monday, May 05 - 2014 @ 11:09

Global Islamic bonds sales surged in April to $6.1bn last month, the most since September and almost double March’s $3.5bn, setting the stage for a record year as Middle East issuers fund infrastructure projects, Bloomberg has reported. Saudi Electricity Co’s $2.5bn dollar sukuk offer was the biggest during the month, followed by a $614m sale by DanaInfra Nasional Bhd, a Malaysian state-owned company set up to finance a subway in Kuala Lumpur. Sales from the Middle East will pick up in the second half of the year, led by infrastructure developers, while government-guaranteed offers and companies seeking to refinance debt will account for the majority of Malaysian issuance, Badlisyah Abdul Ghani, chief executive officer at CIMB Islamic Bank in Kuala Lumpur, said

Today's Top Stories

Posted by

Monday, May 5- 2014 @ 11:09 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