The yield on Dana Gas PJSC (DANA)’s $1 billion Islamic bonds jumped to the highest level in two weeks as the United Arab Emirates energy company reported full-year results without providing an update on the sukuk repayment.
The rate on the 7.5 percent sukuk due in October climbed 79 basis points to 64.69 percent, the highest since Jan. 16, at 5:35 p.m. in Dubai, according to data compiled by Bloomberg. The price dropped to 68.17 cents on the dollar………………………………………..Full Article: Source