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

Kazakh state bank plans $500 mln Islamic bond issue

Posted on 02 April 2012

The state-owned Development Bank of Kazakhstan said on Friday it plans to issue Islamic bonds worth up to $500 million in a long-awaited debut issue to establish a sukuk benchmark for the former Soviet republic.
The first issue within the programme will comprise between $200 million and $300 million worth of Islamic bonds with a term of no less than five years, the bank said in a statement. It gave no details about when the issue would take place………………………………………..Full Article: Source

 
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