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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

World Bank sets $100 mln Islamic bond guidance

Posted on 21 October 2009

From Alarabiya.net: The World Bank’s International Finance Corporation (IFC) has set price guidance for a $100 million Islamic bond, the proceeds of which will be used to fund projects in Yemen and Egypt, an executive said on Tuesday.

Michael Essex, director of the IFC’s Middle East and North Africa department, told Reuters the organization had set price guidance at 35-40 basis points over 5-year U.S treasuries…………………..Full Article: Source

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