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

Kazakhstan considering $500mln sukuk issue

Posted on 23 May 2011

Bolat ZhamishevKazakhstan took a step closer to launching a $500mn-plus debut sovereign sukuk issue after the lower house of parliament passed amendments to the country’s Islamic finance laws, the finance minister has said. Bolat Zhamishev told Reuters the government would consider the size and timing of the issue after the Senate clears the regulation on Islamic financing, a process that he expects to be complete within a month.
“We are looking to issue Islamic bonds in order to fix a benchmark, but the prospects for this will depend on the market,” Zhamishev said. “We are not going to rush.”………………………………………Full Article: Source

 
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