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

VTB mulls Russian debut on sukuk market

Posted on 19 March 2009

From Reuters: Russia’s second largest bank VTB may become the country’s first issuer of sukuk or Islamic bonds and is considering a deal worth several million dollars, VTB’s investment banking head said on Wednesday.

Russian companies need to be more creative about raising capital as usual sources of funding have dried up in the global credit crunch and around $100 billion of foreign corporate debt payments are due this year. …. Full Article: Source

 
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