A TOTAL of three local and foreign banking institutions are said to be in the running to manage the government’s second sovereign Islamic bond issue, likely to be euro-denominated.
More than half a dozen players submitted bids for the second sovereign Islamic bond issue at the end of last year. They included Bank Islam, which partnered JP Morgan for the bid; CIMB Bhd, which teamed up with HSBC Global; Aseambankers, jointly with BNP Paribas; Citibank; Barclays Capital; Credit Agricole and ABN Amro.
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