Monday, June 25, 2007

Gulf Finance House Will Raise $1 Billion From Bond Sale, Emirates Says

(Bloomberg) -- Gulf Finance House EC, a Bahrain-
based Islamic investment bank, plans to raise $1 billion by
selling Islamic bonds or sukuk, its first issue of such
securities, Emirates Today reported.

The sale of the five-year, floating rate Islamic bonds
will be managed by Dresdner Kleinwort Group Ltd. and HSBC
Holdings Plc, the Dubai-based newspaper reported citing
unidentified officials from one of the sale managers.


Read more at Bloomberg Bonds News

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