VOL. XXXI
NO. 37
20-JUNE-1988
Financial and Banking News
LOANS AND ISSUES
Saudi Government Issues SRl.5bn in Bonds
The Saudi Arabian Monetary Agency (SAMA) last week issued SRl.5bn ($400mn)worth of "development bonds" with a complex yield formula designedto avoid prohibitions on the payment of interest under Islamic law. The couponon the new bonds is payable semiannually and is linked to the cash flowgenerated from unspecified government "development projects", withSAMA the sole source of cash flow...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!