Thu, Aug 21, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Emaar Sukuk yield drops to 3-week low as Moody’s lifts rating

Posted on 18 October 2011

The yield on Emaar Properties PJSC’s Islamic bonds fell to the lowest level in more than three weeks as Moody’s Investors Service raised the company’s rating by one step to Ba3, the third-highest non-investment grade.
The rate on the developer’s 8.5 percent sukuk maturing August 2016 dropped 25 basis points, or 0.25 of a percentage point, to 8.27 percent at 4:56 p.m. in Dubai, according to prices compiled by Bloomberg. Emaar Sukuk Ltd.’s rating was affirmed at B1, the fourth-highest junk rating, Moody’s said……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031