12.10.2011 - Barwa Bank, Satcorp, Pembinaan, Kuveyt Turk: Islamic bond alert
The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religionís ban on interest. Global sales of sukuk climbed to $18 billion in 2011, from $12.5 billion a year earlier, according to data compiled by Bloomberg. BARWA BANK: The unit of Qatarís biggest property developer by assets Barwa Real Estate Co., plans to sell Islamic bonds in 2013 after it gets a credit rating, Chief Executive Officer Steve Troop said..............................................Full Article: Source
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