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Asharq Al-Awsat
Asharq Al-Awsat
Business
Sharm al-Sheikh - Sabri Nageh

OPEC Fund Considers Issuing $1Bn Bonds

Fund Bonds Asharq AlAwsat
OFID Director-General Abdulhamid al-Khalifa (Asharq Al-Awsat)

OPEC Fund for International Development (OFID) is considering issuing its first financial bonds this year in global markets, amounting to one billion dollars, announced the Director General, Abdulhamid al-Khalifa.

Speaking to Asharq Al-Awsat on the sidelines of the Islamic Development Bank Group (IsDB) meeting in Sharm el-Sheikh, Khalifa explained that the Fund could issue low-interest bonds following last year's high credit rating, but it is waiting for international markets to stabilize.

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