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

Bahrain turmoil cuts demand for sukuk

Posted on 21 February 2011

From Gulfnews.com: Relative yields on Bahrain’s Islamic bonds widened to an 11-month high as anti-government protests that led to five deaths spurred concerns unrest that started in Tunisia and Egypt is spreading across the Middle East.
Bahrain’s 6.247 per cent five-year sukuk due in June 2014 dropped, pushing the yield up 62 basis points, or 0.62 percentage point, this week to 3.87 per cent yesterday. The spread over US Treasuries widened to 222, the biggest gap since March, according to data compiled by Bloomberg……………………………………….Full Article: Source

 
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