Yields on Dubai developer Emaar Properties PJSC longer-maturity bonds dropped below its shorter- dated securities in September as investors preferred Islamic bonds, which are in shorter supply.
Emaar’s Islamic bond, or sukuk, due 2016 yielded at 7.99 percent yesterday, while its convertible bond due 2015 was available at 8.58 percent, according to data compiled by Bloomberg. Yields on bonds of utility Dubai Electricity & Water Authority have also inverted since August, with its 2016 security trading at a yield of 5.23 percent yesterday and its 2015 bond at 5.74 percent………………………………………..Full Article: Source