21.02.2011 - Yemen issues maiden Islamic bond for road projects
From Reuters: Yemen, racked by worsening anti-government protests, issued the country's first Islamic bond, or sukuk, last week, as part of a broader bond plan to finance development projects. Local Islamic banks subscribed to the four billion Yemeni rial ($18.5 million) bonds issued by the central bank with proceeds expected to finance three local road projects, IFR Markets, a unit of Thomson Reuters reported..............................................Full Article: Source
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