Thu, Oct 30, 2014
A A A
Welcome bhaimia
RSS

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

Global market volatility stalls TAQA Sukuk offering

Posted on 18 October 2011

Following its announcement earlier this month that the Abu Dhabi National Energy Company (TAQA) “is setting up a RM3.5 billion sukuk program to diversify funding sources” the issuance process is likely to take much longer given the prevailing volatile market conditions as a result of the fallout of the euro zone sovereign debt crisis and the downgrading of the US credit rating by Moody’s Investors Service.
Mohammed Mubaideen, investor relations manager, TAQA, confirmed that the (issuance) process is in early stages and the above announcement was made “to meet regulatory requirements. Any issuance will be subject to market conditions. Markets are very volatile at the moment, and it is very difficult to have a clear vision.”………………………………………Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031