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Al Baraka plans up to $500mln sukuk in Q1 2011

Posted on 29 November 2010

From Arabianbusiness.com: Bahraini Islamic lender Al Baraka will issue up to $500 million in Islamic bonds in the first quarter of 2011, its chief executive said. Adnan said: “We will issue sukuk in 2011 for the group in Bahrain between $200 and $500 million.”

He added: “It is a medium term sukuk for five years and it will help financial institutions to attract new clients to take part in these sukuk.”……………………………………Full Article: Source

 
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