31.05.2012 - Gulf taps Malaysian investors for sukuk as risk aversion rises

Companies in the Gulf region are looking at issuing Islamic bonds that target Malaysian investors as a way to diversify funding sources and tap Asian demand for Middle East debt. Bahrain-based lender Gulf International Bank, owned by the government of Saudi Arabia, announced this week it had set up a new 3.5 billion Malaysian ringgit Islamic bond, or sukuk, program, and could potentially issue a bond soon...............................................Full Article: Source

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