31.03.2009 - Islamic bond sales may reach record on Gulf demand

From Khaleejtimes.com: Islamic bond sales may rebound and reach a record this year, with the Gulf accounting for about two-thirds of the debt issued as higher yields attract investors, NCB Capital said. There is an estimated 'pipeline' of about $39.3 billion of so-called sukuk, Jarmo Kotilaine, chief economist at Saudi Arabia's NCB Capital, said in a report received on Monday. He estimates the pipeline from the Gulf Cooperation Council to be $24.6 billion.....Full Article: Source

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