Palestine announces bond by end of quarter

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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 expansion.

 

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Reading Time: 1 minute

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.

Reading Time: 1 minute

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 expansion.

 

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