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Dana Gas, Aldar lead convertible debt rally: Islamic finance

Posted on 08 September 2010

From Bloomberg: Convertible Islamic debt sold by Dana Gas PJSC and Aldar Properties PJSC are headed for the best quarter in a year, a sign the Persian Gulf market is reviving.
Dana Gas’s 7.5 percent bonds due October 2012 yielded 10.77 percent yesterday, down from 13.6 percent on June 30, according to data compiled by Bloomberg. The United Arab Emirates energy company has operations in Egypt and Iraq……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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