Wed, Aug 23, 2017
A A A
Welcome bhaimia
RSS

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

Buoyant sentiment drives Nakheel bond rally

Posted on 13 April 2012

A dramatic fall in yields on the bonds of state-owned property developer Nakheel underlines how investor sentiment towards Dubai is improving, even though the outlook for the company’s own business remains tough.
Nakheel’s $1 billion (Dh3.67 billion), five-year sukuk is yielding about 14 per cent, down from levels above 21 per cent when the Islamic bond was issued to trade creditors last August as part of a restructuring of the company’s $16 billion debt………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
August 2017
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031