National Australia Bank is making preparations to launch Australia’s first Islamic bond, bankers have told IFR, raising expectations that the country’s borrowers may soon be able to target a broader range of investors.
NAB, rated (Aa2/AA–/AA–), is believed to be looking to raise as much as US$500m from an inaugural Sharia-compliant offering that would serve to further diversify its investor base, according to bankers away from the deal………………………………………..Full Article: Source