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

Senegal eyes first sukuk as Africa looks to Islamic finance

Posted on 10 November 2010

From Reuters: Senegal is the latest African nation looking to tap the growing Islamic finance market by issuing its first sovereign Islamic bond in 2011, three sources familiar with the matter, including an official at Senegal’s Ministry of Finance, said.
Two people familiar with the talks confirmed that Citibank is serving as an arranger on the planned Islamic bond, or sukuk, but said that the deal is still in its very early stages and details on size and tenor remain sketchy……………………………………….Full Article: Source

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