10.02.2012 - Sukuk sales start year in record style
The Gulf has begun the year with record levels of sukuk sales, with funds raised so far this quarter already surpassing the region's pre-crisis peak. Gulf sukuk sales totalled US$5.69 billion (Dh20.9bn) during the first six weeks of the year, according to data from Bloom-berg, higher than any quarter on record. Companies in Middle East had built up a sizeable backlog of issuances as wholesale funding markets froze during the Arab Spring and the European sovereign debt crisis, forcing the cancellation or postponement of several planned sales...............................................Full Article: Source
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