02.10.2012 - Fear of floating: Raising finance in the Gulf
Emaar listed a $500m sukuk, or Islamic bond, in June, followed by a $650m sukuk by Jafza in July. As more and more companies issue sukuk and bonds to raise debt or list on public exchanges to raise equity instead of turning to banks for financing, it helps develop the regionís capital markets scene. The key to deepening this market, however, lies not just in having more companies issue bonds or go public. It is also about the development of a solid secondary market, where investors are actively buying and selling securities from each other ó as opposed to dealing directly with the issuer...............................................Full Article: Source
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