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World Bank to raise $100m in Islamic bonds

Kuwait, October 14, 2009

The World Bank's International Finance Corporation (IFC) plans to raise about $100 million in Islamic bonds, three bankers told Reuters on Wednesday.

They said HSBC, Dubai Islamic Bank, Kuwait Finance House Bahrain and Liquidity Management House were mandated to oraganise a road show for the sukuk.

The roadshow will start on October 18 and will visit Riyadh, Abu Dhabi, Dubai and Bahrain, they said.

Three bankers familiar with the deal declined to be identified. – Reuters




Tags: World Bank | Dubai | HSBC | Kuwait | Islamic Finance | IFC |

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