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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Yemen launches first Sukuk; plans $500mln issue by year end

Posted on 14 February 2011

From Zawya Dow Jones: The Central Bank of Yemen, has launched the country’s first sukuk issue and plans to issue additional Islamic bonds worth $500 million this year, the official Yemen News Agency Saba reports Saturday.
The sukuk, issued Saturday, are valued at 4 billion Yemen rials ($18.74 million) and will be used to finance three local road projects, Saba reports……………………………………….Full Article: Source

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