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

Sudan sells $160 mln worth of sukuk

Posted on 05 July 2012

Sudan’s latest issue of Islamic “sukuk” bonds was fully subscribed and raised the Sudanese pound equivalent of about $160 million, and two more such issues are planned this year to help make up for the loss of oil revenue, a debt official said.
Sudan also hopes to sell $758 million of dollar-denominated sukuk, an offer which has already been partly subscribed, said Osama Saeed, head of the research and statistics section at Sudan Financial Services Company, which issues Islamic bonds on behalf of the government………………………………………..Full Article: Source

 
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