Mzansi fires the Salvo: South Africa Plans Debut Sukuk This Year
The government has appointed banks and is close to finalizing the regulatory framework for the planned $500 million sukuk, said Thuto Shomang, head of assets and liabilities at the Treasury. The issue is intended to set a benchmark for state-owned companies, including power utility Eskom Holdings SOC Ltd., to tap Islamic markets, he said.
The Treasury plans to raise $1.5 billion a year in foreign debt markets over the next three years, including the sukuk, he said. “If we do the sukuk first, it will allow us the flexibility in terms of other foreign issuance,” he said.
http://www.bloomberg.com...bt-repayments-loom.html
This will be interesting to see.