Sunday 1 May 2011

Sudan sells sukuk worth $286 million | Reuters

Sudan, which is due to split up in July, started on Sunday selling Islamic bonds or sukuk worth 765 million Sudanese pounds, a debt official said.

The issue will have an expected return of between 14 and 15 percent, said an official at the state-owned Sudan Financial Services Co which sells sukuk on behalf of the central bank.

The offering would run for 10 days, he added.

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