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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Khazanah postpones dim sum Sukuk amid market rout

Posted on 23 September 2011

Malaysian state investment agency Khazanah Nasional yesterday evening decided to postpone its debut dim sum sukuk as financial markets suffered from a severe bout of volatility.
The deal was supposed to be a landmark transaction for Khazanah, which is keen to promote Islamic financing in the offshore renminbi space. But, despite its blue-chip status, the market volatility proved to be too much and the leads — BOC International, CIMB and Royal Bank of Scotland (RBS) — decided that the most prudent decision would be to hold off……………………………………….Full Article: Source

 
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