Africa Bonds
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Manama, Bahrain –18 December 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been subscribed by 100%.
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Manama, Bahrain – 22 November 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD18 million issue, which carries a maturity of 91 days, has been oversubscribed by 278%.
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International legal practice Norton Rose has advised the Republic of Indonesia for a second time on another large scale international sukuk issuance. The firm advised the Republic of Indonesia on the establishment of a US$3 billion sukuk issuance program and the initial issuance of US$1 billion of sukuk under the program. The issuance, which closed on November 21, 2012, has a maturity of ten years, with periodic distributions of 3.3% per annum. The issuance was governed by English laws and was offered under Rule 144A and Regulation S of the US Securities Act to a broad range of investors based inside and outside the US.
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Manama, Bahrain –13 November 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 264%.
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Source: Tegara Net
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Manama, Bahrain – 22 October 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD 18 million issue, which carries a maturity of 91 days, has been oversubscribed by 243%.
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Manama, Bahrain –16th October 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been fully subscribed by 263%.
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Source: South China Morning Post Publishers Limited
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10 October 2012 – Australian Islamic wealth manager Crescent Wealth today announced it has partnered with the Bank of London and The Middle East (BLME), the largest Islamic bank in Europe, in a deal that gives Australian retail investors exposure to the growing Islamic bonds market for the first time. Following the partnership, investors in the Crescent Islamic Cash Management Fund will be able to gain exposure to the US$150 billion + global market for Sharia’a-compliant bonds or ‘Sukuk’. Sukuk generate ethical returns backed by real assets. The portfolio will be managed by BLME, a leading global provider of Sharia’a-compliant fixed income product.