07.03.2013 - Sukuk issuance still going strong
The wave of sukuk issuance continued to wash over the Dubai financial markets, even as some experts warned that future global demand for Islamic bonds might be limited. Dewa, the Dubai utilities company owned by Investment Corporation of Dubai (ICD), listed a US$1 billion (Dh3.67bn) sukuk on the Nasdaq Dubai market, while Emirates Airline set off on an investor roadshow ahead of what is expected to be another big sukuk issue later this month. That follows the news that Dubai Islamic Bank had hired banks to prepare for a high yield sukuk to raise in the region of $500 million...............................................Full Article: Source
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