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Sunday, 10 February 2008

Islamic bond preparation



Feb 5 - Morgan Stanley & Co prepare 5 billion U.S dollar Islamic bond

Morgan Stanley & Co's Executive Director, Yavar Moini says Morgan Stanley are preparing 5 billion U.S dollar medium term note for a Blue Chip Multinational that he declined to name.

Moini says that the Islamic Bond market has been affected by the US sub-prime mortgage crisis.

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