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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Cagamas, AmIslamic, Khazanah plan sales: Islamic bond alert

Posted on 14 July 2010

From Bloomberg: The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. Global sales of so-called sukuk fell 23 percent to $6.5 billion so far this year, according to data compiled by Bloomberg. Issuance totaled $20.2 billion last year, up from $14.1 billion in 2008.
CAGAMAS BHD.: Malaysia’s national mortgage company will sell Islamic bonds under its 5 billion ringgit ($1.6 billion) sukuk program, Chief Executive Officer Steven Choy said yesterday. The company hired Royal Bank of Scotland Group Plc, Al-Rajhi Bank and RHB Capital Bhd. as joint lead managers for the sale……………………………………….Full Article: Source

 
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