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Money market

Global Islamic bond issuance to hit record in 2020, Moody's says

Indebted governments of Muslim-majority nations to drive market past $93bn mark

According to the credit rating agency, the recovery will be supported by the financing demand for fiscal deficit and scheduled refinancing of Islamic bonds.    © Reuters

KUALA LUMPUR -- The global issuance of sovereign Islamic bonds is expected to exceed a seven-year-old record by 2020, Moody's Investors Service said in a report issued on Tuesday.

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