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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Turkey: Al Baraka will launch a $200 mln Islamic bond sale this year

Posted on 24 September 2010

From Balkans.com: Bahraini Islamic lender Al Baraka will launch a $200 million Islamic bond sale this year to fund expansion in France, its chief executive said. Proceeds from the sukuk will be used to set up branches in France, Adnan Yousif told Reuters on the sidelines of a conference on Wednesday.
“We are thinking to expand in France next year. The number of branches will not exceed five. It is the right time to open subsidiaries in Europe. The sukuk will be issued by the end of the year, maybe December,” Yousif said……………………………………….Full Article: Source

 
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