22.06.2009 - VTB to launch Russia's 1st Sukuk in 4Q
From Zawya Dow Jones: Russia will get its first corporate sukuk, or Islamic bond this year, in an effort to attract oil-rich Gulf investors to the country, according to the arranging bank. "We've been mandated on the sukuk and we're targeting this autumn," Yuri Soloviev, president and global chief executive officer of Russia's VTB Capital told Zawya Dow Jones in an interview in Dubai Sunday. "There's a huge pool of liquidity in the Gulf waiting for a Shariah-compliant investment opportunity in Russia." ........Full Article (Subscription Required): Source