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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

GFH buys back $9 mln of 2012 sukuk, eyes more

Posted on 24 December 2009

From Reuters: Islamic lender Gulf Finance House (GFH) said on Wednesday it has bought back $9 million of its $200 million sukuk maturing in 2012, and could buy more.
“We see it as an opportunistic buy to support the sukuk holders and support the price,” Mohammed al-Muqbel, head of treasury at GFH, told Reuters. GFH said the outstanding amount of the sukuk, or Islamic bond, was now $152.2 million…………………………………..Full Article: Source

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