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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Gulf Sukuk to rally on post-Mubarak sentiment

Posted on 15 February 2011

Abdul Kadir HussainFrom Arabianbusiness.com: Islamic bonds from the Arabian Gulf may extend last week’s rally as the resignation of Egyptian President Hosni Mubarak bolstered investor confidence that turmoil in the Arab’s world’s most populous nation will subside.
The yield on Dubai’s 6.396 percent sukuk due November 2014 declined 25 basis points last week to 6.28 percent on Feb. 11, according to data compiled by Bloomberg. The current rate is 29 basis points lower than the 6.568 percent on Jan. 31, the highest level this year……………………………………….Full Article: Source

 
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