Bloomberg News

Goldman Sachs $2 Billion Islamic Bond Prospectus Approved

October 19, 2011

Oct. 19 (Bloomberg) -- Goldman Sachs Group Inc.’s filing of prospectus for a $2 billion Islamic bond program for listing on the Irish Stock Exchange has been approved by the Central Bank of Ireland.

New York-based bank’s Goldman Sachs International unit set up Global Sukuk Company Limited, which is incorporated in the Cayman Islands, as trustee and seller of so-called murabaha trust certificates, according to the prospectus, published on the Dublin-based central bank’s website.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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