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

Kazakh Development Bank says it may issue Islamic, Samurai bonds

Posted on 07 February 2012

The Development Bank of Kazakhstan, a state-owned lender that promotes industry, is preparing to issue Islamic and Samurai bonds in 2012 to “diversify its loan portfolio and implement new financial instruments.”

The bank expects to offer $862 million in loans to finance Kazakhstan’s industrial projects this year, according to a statement posted on its website on Feb. 3……………………………………….Full Article: Source

 
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