22.06.2012 - Kazakhstan close to first Islamic bond issue
The Development Bank of Kazakhstan is in the final stages of preparing to issue the country’s first sukuk, or Islamic bond. The quasi-sovereign issue by the state development bank is expected to set a benchmark for Kazakh sukuk, opening the way for corporate Islamic bonds to be placed in future. The DBK, which is 100% state owned, is planning a Malaysian ringgit-denominated Islamic Medium Term Note Programme with a limit of MYR1.5bn ($500m)...............................................Full Article: Source
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