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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Money flows into Saudi realty bonds amid economic boom

Posted on 05 March 2012

A flood of money into the bonds of Saudi Arabian property developer Dar Al Arkan is due to renewed confidence in the company’s ability to repay its debt, but also to a general scramble to buy Saudi assets as the economy booms.
The yield on the company’s $1 billion, 2.817 percent floating rate sukuk, due to mature this July, has plunged from above 25 percent at the start of January to around 8 percent now as it became clear the Islamic bond would be repaid on schedule………………………………………..Full Article: Source

 
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