Tag Archives | bonds

Libya Considering First Islamic Loan

Bloomberg reports that Libya is considering issuing bonds to finance big increases in oil refining and chemical production, forecast to cost $60 billion. Mohamed Alloub, chairman of the state-run Libyan Petroleum Institute, told the news agency that Islamic debt is one of the options being considered. Libya may have to pay more than 6 percent […]

Libya May Issue Sovereign Bonds

The governor of Libya’s central bank, Saddek Omar Elkaber (pictured), has said the Libyan government may issue bonds in order to give the country's banks something to trade, reports Reuters. "We don’t need to raise money through selling bonds but may issue sovereign bonds to boost investment banking and create a market", he said. He […]