25.05.2011 - Sharjah Islamic Bank’s $3.8bln bids show investor appetite rise
Sharjah Islamic Bank’s $400mn sukuk sale attracted nine times as much in bids, signalling investor appetite for Shariah-compliant debt from the region. The Sharjah-based bank, which has the third-lowest investment grade rating at Standard & Poor’s, received about $3.75bn in bids, two people familiar with the deal said on May 19. Islamic Development Bank, a Saudi Arabia- based multi-lateral lender, issued $750mn of debt last week..............................................Full Article: Source
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