Palestine announces bond by end of quarter

Palestine announces bond by end of quarterPalestine has announced that they will proceed with issuing a sukuk (Islamic-style bond) by the end of this quarter.  The Palestinian Monetary Authority plans to raise upwards of $50 million from the bond.  Investments in Palestine are low due to its precarious political situation, and public debt stands at about $970 million.

The bond will be based on the idea of ijara, or transfer of assets.  Authorities hope to stabilize the $7.5 billion Palestinian economy, which has been growing at about 11.5% over the past year.  The new bond measure will help to securitize the debt burden and spur economic expansion.

 

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Palestine has announced that they will proceed with issuing a sukuk (Islamic-style bond) by the end of this quarter.  The Palestinian Monetary Authority plans to raise upwards of $50 million from the bond.  Investments in Palestine are low due to its precarious political situation, and public debt stands at about $970 million. The bond will be based on the idea of ijara, or transfer of assets.  Authorities hope to stabilize the $7.5 billion Palestinian economy, which has been growing at about 11.5% over the past year.  The new bond measure will help to securitize the debt burden and spur economic...

Palestine announces bond by end of quarterPalestine has announced that they will proceed with issuing a sukuk (Islamic-style bond) by the end of this quarter.  The Palestinian Monetary Authority plans to raise upwards of $50 million from the bond.  Investments in Palestine are low due to its precarious political situation, and public debt stands at about $970 million.

The bond will be based on the idea of ijara, or transfer of assets.  Authorities hope to stabilize the $7.5 billion Palestinian economy, which has been growing at about 11.5% over the past year.  The new bond measure will help to securitize the debt burden and spur economic expansion.

 

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