Thu, Nov 27, 2014
A A A
Welcome bhaimia
RSS

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

Kazakhstan finalizing its DBK sukuk debut

Posted on 12 June 2012

Kazakhstan is finalizing its debut sukuk which will be issued by the Development Bank of Kazakhstan (DBK) in the Malaysian market. The DBK, which is 100 percent owned by the government of Kazakhstan, is working with HSBC and Royal Bank of Scotland (RBS) to manage the ringgit-denominated issuance which is effectively a quasi-sovereign offering.
According to Timur Omarov, Head of Financial Education at the National Bank of Kazakhstan, the central bank, the decision for DBK to raise funds from the Malaysian market was finalized during the visit of President Nursultan Nazarbayev of Kazakhstan to Malaysia in April 2012 where he had discussions with Malaysian Prime Minister Mohd Najib Abdul Razak………………………………………..Full Article: Source

 
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
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930