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

Emaar Islamic bonds to extend rally on UAE visa rule

Posted on 08 July 2011

Abdul Kadir HussainEmaar Properties’s sukuk may extend their rally after the UAE relaxed visa rules for homebuyers to attract investment to the Middle East’s worst-performing property market, said Mashreq Capital DIFC Ltd and EFG-Hermes Holding SAE.
The yield on the 8.5 percent Islamic notes due August 2016 slid 18 basis points, or 0.18 percentage point, to 7.14 percent on Thursday since the government passed a resolution on June 28 extending the visa period……………………………………….Full Article: Source

 
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