Korean issuers’ interest in Islamic bonds wanes

02 Dec 2009

Korean banks and lawyers this week expressed scepticism about the immediate prospects for Islamic bond issues from the country, citing delays in legislation and a loss of issuer interest in the product..

The Korean parliament is currently considering an Islamic bond law, which bankers had thought could have led to bond issuers in the country raising money through Islamic deals as early as February. But that now looks far too ambitious.

“Everybody thought the law would be passed in December, but ...

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