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

Dubai bond heralds wave of Gulf company debt sales

Posted on 01 October 2010

From Bloomberg: Dubai government’s first bond sale since the Gulf Arab emirate’s debt woes roiled global markets in November is paving the way for companies in the region to return to debt markets.
Emaar Properties PJSC, the United Arab Emirates’ biggest property developer, yesterday increased its offering of convertible bonds to $450 million from $375 million. The company said it received $3 billion in bids……………………………………….Full Article: Source

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