Islamic Bank of Thailand seeks bond aid for THAI, PTTEP.

Byline: The Nation.

The Islamic Bank

The Islamic Bank of Thailand plans to issue Islamic bonds worth Bt50 billion to support Thai Airways International and PTT Exploration and Production (PTTEP), said Dheerasak Suwannayos, its president.

He said the bank would raise funds in Malaysia by issuing Islamic bonds, known as sukuk, worth US$60 million (Bt2.1 billion) in order to test this new market. The bank aims to attract Middle Eastern investors who have not been greatly affected by the global financial crisis, he said.

Then in the early of fourth quarter the

bank will raise another Bt30 billion via

sukuk.

The fund …