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

Malaysia to launch first renminbi Islamic bond

Posted on 22 September 2011

Malaysia’s sovereign wealth fund is to sell the first renminbi-denominated Islamic bond, a move that underscores the growing diversification the products available in the Chinese currency.
The issuance is relatively small to test the interest in the unusual offering, say fund managers and analysts of Islamic markets. The fund, Khazanah, is said to be targeting Rmb500 million (USD 78 million)……………………………………….Full Article: Source

 
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