VOL. XLVII
No 13
29-March-2004
CAPITAL MARKETS
German State To Issue Europes First Islamic Bond
The German state of Saxony-Anhalt announced on 23 March that it hoped to attract Arab investors with Europes first Islamic bond issue of around 100mn to finance the states debt. The bond is a way of tapping into the strong Arab market, said regional Finance Minister Karl-Heinz Paque, who said that he also hoped to draw non-Arab investors when the bond was issued in May or June. The issue is being...
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