Bloomberg News

Senegal to Use $200 Million Sukuk Proceeds for Budgetary Support

June 15, 2011

June 15 (Bloomberg) -- Senegal intends to use the proceeds of a $200 million sukuk sale planned for later this year for budgetary support, Abdoulaye Diop, the country’s finance minister, told a conference in Dakar, the country’s capital, today.

Senegal wants to diversify its funding sources to attract money from Islamic countries, he said.

To contact the reporter on this story: Drew Hinshaw in Dakar at dhinshaw@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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