From Moneycontrol.com: Dubai plans to issue about USD 1.5 billion sovereign sukuk in Malaysia as the Gulf Arab emirate looks to tap the world’s largest Islamic bond market to diversify its funding avenues, people with direct knowledge of the deal said on Wednesday.
Work on the USD 1.5 billion multi-currency programme was “more than 50%” under way but the plan was not final given the volatility in financial markets due to Ireland’s debt troubles and tensions on the Korean peninsula, said one source not authorised to speak to the media……………………………………….Full Article: Source