Friday, February 13, 2009

$30bn Islamic bonds set to be issued

Gulf Daily News: GCC financial institutions and industrial companies will soon issue Islamic bonds worth $30 billion, according to Moody's Investor Services.

Companies had delayed bond issues due to general economic conditions but should move forward by mid-June this year if there is prudent government involvement and an increase in oil prices, said Moody's business development manager and finance analyst Faisal Hijazi in an interview with CNBC Arabiya...Continue Reading

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