Fri, Apr 25, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Dar Al Arkan’s cash stockpile sends bonds to five-year high

Posted on 21 February 2012

Dar Al Arkan Real Estate Development Co’s Islamic bonds are surging to the highest level since 2007 as the second-biggest Saudi developer by market value improved its ability to repay debt by more than doubling cash holdings.
The price on the Riyadh-based company’s dollar-denominated floating-rate sukuk due in July has gained 5.8 per cent this year to 96.66 cents on the dollar yesterday, according to data compiled by Bloomberg. That outpaced the 0.8 per cent gain in the Dow Jones Citigroup Sukuk Index, which tracks global Islamic bonds………………………………………..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.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930