Morgan Stanley to market Islamic bonds for multinational borrower

CFA Institute Financial NewsBrief | 02/06/2008

Morgan Stanley plans to facilitate the first bond sale by a multinational corporation that conforms to Islamic law. Morgan Stanley’s executive director of global capital markets in Dubai said the international company he declined to name wants to diversify sources of funding. Islamic bond sales jumped 70% worldwide last year to a record $30.8 billion. Bloomberg (02/06)

 

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