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

IDB plans more bond sales next year after raising $500 mln

Posted on 26 October 2010

From Bloomberg: Islamic Development Bank plans to issue more Islamic bonds, known as sukuk, next year after the Saudi Arabia-based multilateral lender sold $500 million of bonds last week.
“We just issued sukuk couple of days ago, and we will definitely issue more sukuk next year,” President Ahmad Mohammed Ali said in Jeddah today, without providing more details. The bank will use proceeds from the bond sale to finance agricultural and energy projects in the Muslim world, he said……………………………………….Full Article: Source

 
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