VOL. XLVI

No 20

19-May-2003

CAPITAL MARKETS

LMC And BMA Launching $250mn Islamic Bond Issue

The Liquidity Management Centre (LMC), in coordination with the Bahrain Monetary Agency (BMA), is launching a $250mn five-year Islamic leasing bond issue (Ijara sukuk). This is the first of the BMAs seven issues of Ijara sukuk (totaling $730mn) to be made through a market maker. Bahrain-based LMC is the arranger and manager of the issue, which is being underwritten by eight major banks which include four...