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

Dubai Sukuk, Abu Dhabi TDIC spread narrows to lowest since 2009

Posted on 04 April 2011

The extra yield investors demand to hold Dubai’s 6.396 percent dollar Islamic bond over Abu Dhabi state-owned Tourism Development & Investment Co.’s 4.949 percent sukuk traded near a 16-month low after Dubai World signed a final accord to restructure its debt.
The spread narrowed 35 basis points to 213.3 after state- owned Dubai World signed the deal with creditors March 23, the data show……………………………………….Full Article: Source

 
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