03.12.2010 - Sukuk backed by Airport, utility flows favored
From Bloomberg: Islamic bonds that pay returns based on cash flows from airports and utilities rather than income from property may stay in favor in the coming year after a drop in Persian Gulf real-estate prices shook investor confidence. Saudi Electricity Co.ís 7 billion-riyal ($1.9 billion) sukuk sold in May was underwritten by income from fees such as connection charges, according to its prospectus. Nomura Holdings Inc., Japanís largest brokerage, sold Islamic debt in Malaysia in July using aircraft as the underlying asset..............................................Full Article: Source
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