17.07.2012 - Qatar’s $4bln sukuk leads record Gulf sales in 2012
Islamic bond sales in the Arabian Gulf have already surpassed the full-year record set in 2007 as the risk of defaults declines and investors pursue higher- yielding assets. Gulf Co-operation Council (GCC) offerings reached $17.4bn this year compared with a previous record of $16.2bn in all of 2007, according to data compiled by Bloomberg. Qatar led the new issues, raising $4bn last week by selling AA-rated Shariah-compliant notes due in 10.5 years at a profit rate of 3.241%. .............................................Full Article: Source
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