Mon, Jul 13, 2020
A A A
Welcome bhaimia
RSS

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

Garuda issues $630mln worth of Shariah bonds

Posted on 03 May 2013

PT Garuda Indonesia’s debut $630-million Islamic loan, which follows sukuk by Emirates Airlines and Malaysian Airline System Bhd., is a test that may pave the way for more Shariah funding, the carrier’s chief executive said.
The state-owned company announced an agreement last week with Kuwait’s Aviation Lease and Finance Company KSCC, which will finance two Boeing 777-300 Extended Range aircraft, CEO Emirsyah Satar said in an April 26 interview from Jakarta. Pricing for the 12-year facility was “competitive” and it will help Garuda gain access to a wider pool of investors, he said, adding that it may consider issuing sukuk in the future………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
July 2020
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031