Yields on Dubai’s non-rated 6.396 per cent sukuk maturing in November 2014 surged 84 basis points last month to 6 per cent in Dubai, poised for the second-biggest monthly jump since state-owned holding company Dubai World sought to delay payments on $25 billion of debt in November 2009.
The cost to insure Dubai’s bonds against default climbed 85 basis points in the period to 470, according to data provider CMA………………………………………..Full Article: Source