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

Nakheel yields double 2007 show closed market: Islamic finance

Posted on 22 July 2010

From Bloomberg: Dubai World-owned Nakheel PJSC’s Islamic bonds are trading at yields twice as high as in 2007 even after a four-month rally, underscoring the difficulty for Persian Gulf real-estate companies to borrow through debt sales.
“Access to the market is still difficult for companies operating in the real-estate sector,” Mohamed Damak, Paris- based credit analyst and co-chair of the Islamic finance working group at Standard & Poor’s, said in an interview yesterday. “The market is somewhat closed for these entities.”………………………………………Full Article: Source

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