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

Saudi’s 2010 Sukuk sales to double on spending

Posted on 03 August 2010

From Bloomberg: Saudi Arabian real estate and energy companies are leading Islamic bond sales from the Persian Gulf as the kingdom’s $400 billion stimulus plan, the biggest among the Group of 20 nations, boosts spending.
Sukuk from borrowers in the largest Arab economy may more than double to $4.5 billion this year from $2.1 billion in 2009, as a “scarcity” of local notes that comply with the religion’s ban on interest bolsters demand from local banks, according to Riyadh-based HSBC Saudi Arabia Ltd……………………………………….Full Article: Source

 
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