From Themoscowtimes.com: VTB Bank plans to launch an Islamic bond worth about $200 million in the second half after postponing from last year, when defaults and Dubai World’s woes hit the market, a source familiar with the deal said.

VTB has cut the size of the sukuk, or Islamic bond, from an original target of $300 million, the source said. According to a VTB document referring to the original planned launch, the three-year VTB-Leasing sukuk issue had been scheduled “for December 6th with a view of execution in mid-December 2009.”………………………………….Full Article: Source