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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Sukuk forecast to ride rough patch

Posted on 15 April 2010

From Thepeninsulaqatar.com: Another month, another blow to the Islamic bond market. This week, Kuwait’s International Investment Group admitted it missed a periodic payment on a $200m sukuk, which was promptly suspended from trading on the Nasdaq Dubai exchange.

IIG, an Islamic investment company, has announced it is seeking to restructure, and if the payment on the sukuk is not made by today it would constitute a “dissolution event”…………………………………Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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