04.11.2010 - Yemen says to delay debut sukuk issue until 2011
From Kippreport.com: Yemen will delay issuing its first Islamic bonds until the first quarter of next year to give it more time to iron out technical aspects of the sale, deputy finance minister Jalal Yaqoub said. Yaqoub also said that security fears this year had dampened investor appetite for Yemeni assets. The bond issue intended to raise up to $300 million has already been postponed once, to the end of this year from the third quarter. Yaqoub said the sale would be held up while Yemen worked out which collateral would underpin the sale..............................................Full Article: Source
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