Global Islamic bond sales are set for a record, helped by Turkey’s debut sovereign issue last week, as demand from Asia and the oil-rich Arabian Gulf pushes yields lower.
Sales jumped to $36bn this year, just shy of the full-year record of $36.7bn reached in 2011, according to data compiled by Bloomberg. Issues this year could “easily hit” $50bn as attractive pricing is prompting more issuers to tap the market, according to Commerzbank………………………………………..Full Article: Source