| [Bloomberg]Global sales of Islamic bonds may match the 2001 record as issuers rush to benefit from low borrowing costs before economic growth pushes yields higher, Maybank Investment Bank Berhad and CIMB Islamic Bank Berhad say. It’s possible for global sales to reach 2007 levels of $31 billion after $17 billion last year, CEO of Maybank Investment said as the pipeline is as strong as the last 6 months of 2010. There is demand for financing arising from large insfrastructure development planned in Malaysia as well as the Gulf Cooperation Council said CEO of CIMB Islamic. According to IMF’s World Economic Outlook Update, economic growth in the US may accelerate to 3% this year from 2.8% in 2010, while Middle East and North African economies may grow 4.6% from 3.9%. |
|
|