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ADB mulls multi-billion dollar sukuk

Posted on 06 May 2010

From Tradearabia.com: The Asian Development Bank (ADB) is considering launching a medium-term note (MTN) programme worth several billions dollar for Islamic bonds, or sukuk, to finance infrastructure in Asia, an official said on Wednesday.
“If we use such an instrument we’re able to tap a wider wealth pool,” Jaseem Ahmed, a director of ADB’s Southeast Asia Department, told Reuters on the sidelines of a conference in Manama……………………………………..Full Article: Source

 
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