South Africa Seeks Bank Proposals for Inaugural Islamic Bond

South Africa welcomed banks to submit proposals by Dec. 21 for the sale of its first Islamic bond as the continent’s biggest economy seeks to enlarge the access to financing.
It seems that South Africa is a relatively low-risk debtor, which would make its sukuk bonds attractive for Islamic investors searching to mix their portfolios outside the Middle East and North Africa region.
Islamic bonds will also help diversify the government’s funding and investor base.

You may also like...