The yield on DP World Ltd’s Islamic bond dropped to a record low after Moody’s Investors Service raised the ratings on the Dubai government-controlled ports operator to investment grade, attracting investors.
The rate on the $1.5bn sukuk due July 2017 fell 47 basis points last week, or 0.47 percentage point, to 5.78 percent on April 15……………………………………….Full Article: Source