Palestine announces bond by end of quarter
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.
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 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.
