| Global sales of sukuk climbed to $17.3 billion in 2011, from $10.7 billion a year earlier, according to data compiled by Bloomberg. The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest.
TENAGA NASIONAL BHD.: Malaysia’s biggest power producer plans to raise 5 billion ringgit ($1.6 billion) from a 20-year local-currency sukuk in October, Bernama reported, citing Chief Executive Officer Che Khalib Mohamad Noh. Marketing will begin in the third week of October, the national news service reported..............................................Full Article: Source |