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Sudan revives Sukuk after global sale fails

Posted on 16 December 2010

From Bloomberg: Sudan is selling Islamic bonds to local banks after attempts to issue global notes this year failed on investor concern over the country’s conflict in Darfur and a possible breakup after more than two decades of civil war.
The government is selling 800 million Sudanese pounds ($336 million) of seven-year sukuk this week to complete plans to raise 1.89 billion pounds, said Azhari Eltayeb Elfaki, general manager of the Sudan Financial Services Co., 99 percent-owned by the central bank, in an interview in Khartoum Dec……………………………………….Full Article: Source

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