US bank GS plans to issue sukuk (FT reports 5 September 2014)

Goldman Sachs seeks to issue a sukuk. It would be the second global financial institution, following HSBC’s Middle Eastern unit. It would act as joint lead manager with Abu Dhabi Islamic Bank, the National Bank of Abu Dhabi, Dubai’s Emirates NBD Capital and Saudi Arabia’s National Commercial Bank.

Moody’s suggests 2014 will be a landmark year for sovereign sukuk following the UK sovereign sukuk in June and debut sales by Hong Kong and South Africa.

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