Goldman sukuk underperforms as financial deals falter
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Emerging Markets

Goldman sukuk underperforms as financial deals falter

Recent Middle East financial bond issues have had mixed fortunes in the secondary market, but Goldman Sachs’s debut sukuk has notably underperformed since its mid-September pricing – with some investors and bankers away from the deal suggesting that this resulted both from exaggerated orders and from a persistent uneasiness the market has with borrowers it considers un-Islamic”.

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