08.05.2009 - Saudi Arabia’s Islamic Bank plans to sell $500 mln of bonds
From Bloomberg: Saudi Arabia’s Islamic Development Bank, an organization set up by 56 nations to lend to Muslim communities, plans to sell $500 million of Islamic bonds by the end of June, its first debt offering this year. Proceeds from the sale will be used to fund the bank’s projects in member countries, Mohammed Tariq, director of the Treasury Department said in an interview in Singapore today.......Full Article: Source