Bahrain has received “positive” feedback from investors for its plan to sell $1 billion in Islamic bonds next month, Central Bank Governor Rasheed al-Maraj said.
The maturity of the sukuk may be between seven to 10 years, Maraj said in an interview yesterday at Bloomberg’s headquarters in New York. The Persian Gulf island-kingdom plans to use the money to help finance a budget deficit of about 5 percent of gross domestic product, Maraj in a separate Sept. 25 interview at the International Monetary Fund in Washington……………………………………….Full Article: Source