10.07.2012 - Pace of Sukuk issue steps up as Ramadan looms
With Ramadan just around the corner it seems that the Islamic capital market is in a rush to get everything signed, sealed and delivered before the end of next week. One of the highlights of the last week was news from Turkey that the government was preparing its first Sukuk. According to reports, the moderate Islamic government of Recep Tayyip Erdo─čan is for the first time since its rise to power nearly a decade ago, reaching out to the east in its search for diversified funding, looking at a $1bn debt raise. It was reported that HSBC, Citi and Deutsche are on the hook as advisers. ..............................................Full Article: Source
Print