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

Positive sentiment pushes up demand for Nakheel sukuk

Posted on 11 November 2009

From Business24-7.ae: The $3.52 billion (Dh12.92bn) Nakheel sukuk (09) traded yesterday above its maturity value on high demand from investors, sources in the bond market said.

Expectation of an additional $6 bonus to be redeemed against each note on the maturity date of December 14 coupled with the positive sentiment generated by the reassuring speech made by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and the Ruler of Dubai, saw the Nakheel sukuk (09) trading at around $111.5, which is above the maturity value of $109.57, said market sources…………………………..Full Article: Source

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