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Goldman Sachs has been hired to manage Sukuk sales for its clients.
The issuance received significant interest from inte
Arab Petroleum Investments Corporation (Apicorp). Th
Trustee: Goldman Sachs International Domicile: Caym
ISIN: XS0937237831 SEDOL: BB0QYQ8 Trustee: Deutsche
ISIN: XS0485326754, Domicile: Cayman Islands Truste
The U.S. bank will meet investors in Qatar next Wednesday and the United Arab Emirates on the following day to discuss issuing sukuk, a document from
Goldman Sachs is reviving plans to issue at least 500 million worth of sukuk or Islamic bonds, a sign that Islamic finance is going mainstream as big.
Goldman Sachs raised $500 million from its sukuk which is to be listed on the Luxembourg Stock Exchange.
Recent Middle East financial bond issues have had mixed fortunes in the secondary market, but Goldman Sachs's debut sukuk has notably underperformed..
British banks and legal firms continued to dominate the arrangers market