Sees $300 mln sukuk by Sept, no plans for sukuk programme; CEO says reviewing Oman Islamic banking prospects; Nomura Bank mandated as advisor for Islamic megabank
Bahrain's Al Baraka Bank expects to sell $300 million worth of Islamic bonds by September as it looks to secure long-term financing to fund its expansion plans, its chief executive said on Wednesday.
Previous plans to issue Islamic bonds, or sukuk, were thwarted by the onset of the financial crisis and, more recently, the regional unrest, said Adnan Ahmed Yousif in an interview with Reuters.
The Islamic lender had previously announced plans for a $500 million sukuk programme but had shelved that, he said. (full story)
Bahrain's Al Baraka Bank expects to sell $300 million worth of Islamic bonds by September as it looks to secure long-term financing to fund its expansion plans, its chief executive said on Wednesday.
Previous plans to issue Islamic bonds, or sukuk, were thwarted by the onset of the financial crisis and, more recently, the regional unrest, said Adnan Ahmed Yousif in an interview with Reuters.
The Islamic lender had previously announced plans for a $500 million sukuk programme but had shelved that, he said. (full story)
