Britain's First 'Islamic Bond' Receives £2bn Worth of Orders

LONDON, June 25 (Reuters) - Britain received orders of more than 2 billion pounds ($3.39 billion) during the bookbuilding process for the sale of its first Islamic bond, one of the bookrunners for the syndication said on Wednesday.

The five-year bond, known as a sukuk and intended to raise 200 million pounds, is being launched by the government as part of an effort to boost London's position as a centre for Islamic finance, and is the first to be issued by a Western national government.

Read more at Reuters


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