{"id":12114,"date":"2012-07-05T00:13:43","date_gmt":"2012-07-04T22:13:43","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/south-africa-poised-to-launch-debut-islamic-bond\/"},"modified":"2012-07-05T00:13:43","modified_gmt":"2012-07-04T22:13:43","slug":"south-africa-poised-to-launch-debut-islamic-bond","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africa-poised-to-launch-debut-islamic-bond\/","title":{"rendered":"South Africa poised to launch debut Islamic bond"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Would be first of its kind in sub-Saharan Africa<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sukuk likely to be five-year ijara issue<\/p>\n<p><span><\/span><\/p>\n<p>* Looking at both international and domestic markets<\/p>\n<p><span><\/span><\/p>\n<p>* Kenya, Nigeria, Tanzania could follow<\/p>\n<p><span><\/span><\/p>\n<p>By Xola Potelwa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, July 4 (Reuters) &#8211; South Africa is preparing<br \/>\nto launch sub-Saharan Africa&#8217;s first Islamic bond, paving the<br \/>\nway for issues by other countries in the region, officials said<br \/>\non Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Thuto Shomang and Monale Ratsoma of the South African<br \/>\nTreasury&#8217;s government borrowing department told Reuters that<br \/>\nSouth Africa was leaning towards a dollar-denominated, five-year<br \/>\nsukuk, using an ijara structure.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s the one that seems to attract investors&#8217; interest.<br \/>\nThat&#8217;s the one that the recommendations have been on so far,&#8221;<br \/>\nsaid Ratsoma, adding that first-time issuers usually chose<br \/>\nfive-year tenors so that was what South Africa was considering.<\/p>\n<p><span><\/span><\/p>\n<p>The bond would be marketed to Middle Eastern countries.<br \/>\nThere are large pools of Islamic investment money in the Gulf,<br \/>\nwhich have been buying sukuk eagerly this year as the global<br \/>\nfinancial crisis hurts many other investments.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Would be first of its kind in sub-Saharan Africa * Sukuk likely to be five-year ijara issue * Looking at both international and domestic markets * Kenya, Nigeria, Tanzania could follow By Xola Potelwa JOHANNESBURG, July 4 (Reuters) &#8211; South Africa is preparing to launch sub-Saharan Africa&#8217;s first Islamic bond, paving the way for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12114","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12114"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12114\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}