Beam me to Planet Gore !
Posted on 06/11/2008 7:28:49 PM PDT by Shermy
DUBAI: Doha Bank is in talks with JPMorgan Chase & Co and Morgan Stanley to help it sell $1bn of Islamic bonds to fund the Gulf’s first carbon credits exchange.
The sale will probably happen in the first quarter of next year after being delayed from this October, Doha Bank chief executive R Seetharaman said in an interview in Dubai yesterday.
“I want to make sure we have all the regulatory approvals for our Energy City project and that the borrowing is cost- effective,” Seetharaman said.
Seetharaman said last year Doha Bank was working with the San Francisco, California-based RainTrust Foundation to start an exchange in Qatar that will take advantage of the growing market for emissions trading.
Doha Bank completed a rights offer last month that provided an “investable surplus” of $350mn, Seetharaman said. It may also sell $500mn of global depositary receipts through JPMorgan and ING Groep if it finds a suitable acquisition in Asia, he said.
The bank has $840mn of loans and bonds outstanding, data compiled by Bloomberg show. It has an A2 credit rating from Moody’s Investors Service, the sixth-highest investment grade ranking. Standard & Poor’s rates the bank one notch lower at A-.
It’s everywhere!
islamic finance, carbon credits, the euro = massive redistribution of wealth.
This will probably drive my dad nuts.
This bond will self-destruct in 5...4...3...2...
Now we know that Muslims are as easily conned by Gore and his cult as anyone else.
All I can do is shake my head anymore.
It’s a done deal. The Big Boys plan on making billions with this nonsense (literally turning hot air into profits), and they won’t be denied.
“Now we know that Muslims are as easily conned by Gore and his cult as anyone else.”
The fact that they’re Muslims means that’s at least the second time they’ve been conned.
I have a billion dollars worth of “carbon credits” to sell, too! But they are going cheap at 10 cents on the dollar for the first $100 million. Get yours now. PM me for my paypal account.
Madness.
Yep, It’s all about money. If they can’t make a REAL product to sell, they’ll invent a fictitious one out of thin air, literally.
You are so right.
“Doha Bank is in talks with JPMorgan Chase & Co and Morgan Stanley to help it sell $1bn of Islamic bonds to fund the Gulf’s first carbon credits exchange.”
Yeah. It’s just an excuse to promote Islamic law by getting it entrenched in all major financial institutions.
So if you buy carbon credits, you will be funding terrorism or Al Gore? I’ll pass.
Sadly, all too true.
I feel like I’ve walked into a Dali painting. The melting watches represent the erosion of freedom and the morons within our country that wish to facilitate that end are winding theirs furiously to help melt them quicker.
Yep, but I think they’ve stepped in it this time. When Congress starts shoving this down our throats, I expect the American people to rouse from their long slumber, rise up in high dudgeon and...re-elect 95% of them again and again and again. That’ll learn ‘em.
Sorry, but my portfolio is already heavy in islamic nosehair futures. I’m also long on cameltoes. Maybe next time.
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