Tue, Oct 21, 2014
A A A
Welcome bhaimia
RSS

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

Bahrain’s GIB sets up 3.5 bln ringgit sukuk programme

Posted on 28 May 2012

Bahrain’s Gulf International Bank has set up a 3.5 billion Malaysian ringgit ($1.11 billion) programme for potential sale of Islamic bonds, the company said on Sunday, as the lender seeks to diversify its funding sources.
Standard Chartered and Malaysia’s CIMB Investment Bank are lead arrangers on the medium-term notes programme, while GIB Capital is the international coordinator. “The sukuk programme represents a strategic move to tap into the ringgit market in an effort to diversify funding avenues and currencies for the Bank,” Jammaz bin Abdullah Al-Suhaimi, GIB’s chairman said………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
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