Wednesday, November 4, 2009

Hilal sukuk to be listed

MANAMA: Hilal Sukuk Company's IFC Hilal Sukuk will be listed on the Bahrain Stock Exchange (BSE).

BSE acting director Ebrahim Al Aradi yesterday issued a resolution in this regard.

The size of the issue is $100 million and the duration five years until November 3, 2014.

It pays a fixed rate of 3.037 per cent every six months on May and November 3 every year during the issuance period.

Following the listing of IFC Hilal Sukuk, the number of Islamic sukuk and conventional bonds listed on the exchange reached 14 issues with an approximate total value of $ 3.33 billion.

Learn more Islamic Bonds: Your Guide to Structuring, Issuing and Investing in Sukuk

Source : Gulf Daily News

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