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

Yemen issues maiden Islamic bond for road projects

Posted on 21 February 2011

From Reuters: Yemen, racked by worsening anti-government protests, issued the country’s first Islamic bond, or sukuk, last week, as part of a broader bond plan to finance development projects.
Local Islamic banks subscribed to the four billion Yemeni rial ($18.5 million) bonds issued by the central bank with proceeds expected to finance three local road projects, IFR Markets, a unit of Thomson Reuters reported……………………………………….Full Article: Source

 
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