24.11.2010 - Malaysia Airports, National Commercial Bank: Islamic bond alert
From Bloomberg: The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religionís ban on interest. Global sales of sukuk fell 29 percent to $13.7 billion so far this year from the same period in 2009, according to data compiled by Bloomberg. Issuance totaled $20.2 billion last year, up from $14.1 billion in 2008. Malaysia Airports Capital Bhd: The company hired CIMB Investment Bank Bhd. and Citigroup Inc. to help it sell as much as 1 billion ringgit ($321 million) of 12-year Islamic notes.............................................Full Article: Source
Print