May 7 (Bloomberg) -- Bahrain’s sale of $500 million in sovereign Islamic bonds is receiving “strong” interest from investors who have been starved of new issues amid the global credit crisis, Central Bank Governor Rasheed al-Maraj said.

“From the indication we have so far there is strong demand, especially because in the last few months there hasn’t been many new issues in the sukuk market,” al-Maraj said in an interview on the sidelines of the Islamic Financial Services Board summit in Singapore today.

Bahrain hired Calyon, Deutsche Bank AG and HSBC Holdings plc to help it sell five-year sukuk, as Islamic bonds are known, the central bank said yesterday.

Sukuk.net Wire External Story - Read full article here

Sukuk.net is not responsible for the content of external internet sites