12.06.2009 - Sukuk success
From Gulf-daily-news.com: The Central Bank of Bahrain has announced that the latest Sukuk issuance of the government of Bahrain has been successfully placed. The initial size of the sukuk offering was $500 million, but the issue was oversubscribed by almost eight times. As a result, the value of the sukuk was raised to $750 million. "One of the major reasons behind this issue was to establish a yield curve benchmark for longer-term Islamic securities," said CBB executive director banking operations Shaikh Salman bin Isa Al Khalifa........Full Article: Source