Sat, Apr 19, 2014
A A A
Welcome bhaimia
RSS

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

Saad’s Islamic bonds priced for ‘default,’ ING says

Posted on 12 June 2009

From Bloomberg: Islamic bonds with a face value of $650 million sold by Saudi billionaire Maan al-Sanea’s Saad Group are priced for a default, according to ING Investment Management.

Saad Trading Contracting & Financial Services Co.’s debt securities, known as sukuk, are trading for 25 cents on the dollar compared with this year’s high of 79 cents on Feb. 26, data compiled by Bloomberg show……..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
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930