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

Gulf issuers skip Sukuk in rush to borrow

Posted on 09 November 2010

From Bloomberg: Persian Gulf issuers are choosing to sell non-Islamic bonds instead of sukuk in the borrowing rush that has followed Dubai World’s debt restructuring.
Non-Islamic bond sales from the region may almost double to $15 billion this quarter as companies from Qatar National Bank SAQ, the country’s largest bank, to Oman-based MB Petroleum Services LLC tap the market, investment bank Exotix Ltd. in Dubai estimates……………………………………….Full Article: Source

 
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