South Africa gets sukuk ball rolling as flurry of sovereigns expected

By Francesca Young
28 Aug 2014

The Republic of South Africa has scheduled investor meetings in September for its debut international sukuk, bringing closer to reality its plans to be among an expected flurry of deals before the end of the year.

BNP Paribas, KFH Investment and Standard Bank are arranging the sukuk, which a banker away from the deal said is expected to be a minimum of $500m. Last year, the GlobalCapital sister company Islamic Finance Information Service reported that the deal would be a sukuk al-ljarah structure of ...

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