(Bloomberg) -- Japan Bank for International
Cooperation, the government's main overseas lender, plans to sell
Islamic bonds backed by products traded on the London Metal
Exchange, an official said.
The Tokyo-based bank, known as JBIC, plans to sell Islamic
debt for the first time as early as in October, said Tadashi
Maeda, director general of the bank's energy and natural
resources finance department. JBIC will sell $200 million to $300
million of such securities, to be denominated in Malaysian
ringgit or dollars, in Malaysia, he said.
Read more at Bloomberg Bonds News
Cooperation, the government's main overseas lender, plans to sell
Islamic bonds backed by products traded on the London Metal
Exchange, an official said.
The Tokyo-based bank, known as JBIC, plans to sell Islamic
debt for the first time as early as in October, said Tadashi
Maeda, director general of the bank's energy and natural
resources finance department. JBIC will sell $200 million to $300
million of such securities, to be denominated in Malaysian
ringgit or dollars, in Malaysia, he said.
Read more at Bloomberg Bonds News
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