islamic-finance-sukuk-banking

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

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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.

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