28.09.2011 - Bahrain has ‘positive’ feedback for $1 bln Sukuk, Maraj says
Bahrain has so far received “positive” feedback from investors for its plan to sell $1 billion in Islamic bonds next month, Central Bank Governor Rasheed al-Maraj said. The maturity of the sukuk may be between seven to 10 years, Maraj said in an interview yesterday at Bloomberg’s headquarters in New York. The Persian Gulf island-kingdom plans to use the money to help finance a budget deficit of about 5 percent of gross domestic product, Maraj in a separate Sept. 25 interview at the International Monetary Fund in Washington..............................................Full Article: Source
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