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

Etisalat to sell $7 bln bonds, $1 bln Sukuk

Posted on 12 November 2010

From Sfgate.com: Emirates Telecommunications Corp., the United Arab Emirates’ largest phone company, said it will borrow as much as $8 billion by issuing bonds and sukuk as it seeks to buy a 46 percent stake in Kuwait’s biggest operator for about $12 billion.
The company set up a $7 billion medium-term note program and a $1 billion Islamic bond program, it said in an e-mailed statement today. The programs will allow the company to diversify its funding and manage debt maturity, according the statement……………………………………….Full Article: Source

 
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