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Moody's sees Fed spoiling record US$ sukuk sales

Wednesday, June 3, 2015 - 05:50

Kuala Lumpur

JUST as Asia enjoys a record quarter for dollar-denominated Islamic bond sales, the US Federal Reserve may be about to spoil the party.

Issuers have taken advantage of global yields below a four-year average to sell US$4.02 billion of the debt since the end of March,