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

Ireland’s Electricity Supply Board mulls Sukuk sale

Posted on 24 September 2012

The potential issue would make the Electricity Supply Board (ESB) the first non financial institution in Europe to tap the lucrative Sukuk market. Kieran Donoghue, Head of the Irish Development Authority (IDA), told Reuters that the IDA is assisting the ESB with a potential Sukuk issue that might help the company raise $1.3 billion.
The ESB is understood to have hired Kuala Lumpur-based Amanie Advisors to advise on how best to access the market for Sukuk. The ECB had reportedly applied to local regulators for permission to issue a Sukuk within the next 12 to 18 months………………………………………..Full Article: Source

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