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

Dubai bond yields drop to record lows as debt schedule to be met

Posted on 23 March 2012

Yields on Dubai government’s dollar-denominated bonds dropped to record lows amid speculation state-owned companies will repay obligations this year.
Business park operator Jebel Ali Free Zone put forward a fundraising plan to help repay a Dh7.5 billion sukuk maturing in November, MEED reported on March 20. “News reports about DIFC and JAFZ working toward refinancing their maturing sukuk this year have improved sentiment for Dubai’s credit,” said Nick Stadtmiller, head of fixed-income research at Emirates NBD………………………………………..Full Article: Source

 
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