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Aug 26 2009

Sukuk attracts cash-rich banks

Wednesday, Aug 26, 2009With debt markets gingerly reopening, Gulf companies eager to raise cash through issuing bonds have to make a decision: should they issue conventional or Islamic bonds, known as sukuk?The SR7bn ($1.9bn) sukuk issued by Saudi Electricity Company, the kingdom's state power utility, this summer could be a useful indicator.Investors flocked to it, rewarding the company with a pr

Read full article on FT.com


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