November 22, 2011 / 8:49 AM / in 6 years

Senegal plans meetings for debut sukuk before end-2011: executive

MANAMA (Reuters) - Senegal plans to meet investors before the end of the year before a potential debut sovereign Islamic bond, or sukuk, a senior executive at a unit of the Islamic Development Bank said on Tuesday.

The sukuk will be a dual-currency offering, in Senegalese francs and a foreign currency, possibly euro, Khaled Mohammed Al-Aboodi, chief executive of the Islamic Corporation for the Development of the Private Sector, said on the sidelines of a conference.

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