09.11.2010 - Gulf issuers skip Sukuk in rush to borrow
From Bloomberg: Persian Gulf issuers are choosing to sell non-Islamic bonds instead of sukuk in the borrowing rush that has followed Dubai World’s debt restructuring. Non-Islamic bond sales from the region may almost double to $15 billion this quarter as companies from Qatar National Bank SAQ, the country’s largest bank, to Oman-based MB Petroleum Services LLC tap the market, investment bank Exotix Ltd. in Dubai estimates..............................................Full Article: Source
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