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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai World soothes debt market

Posted on 25 June 2010

From Thenational.ae: Bond prices in Dubai are inching upwards and perceptions of risk are mellowing as Dubai World nears an agreement with creditors on a US$23.5 billion (Dh86.31bn) debt restructuring. That could pave the way for a revival in long-stagnant regional debt markets.
As yields have fallen, an HSBC index of bond returns issued by Dubai-based companies has climbed by about 17 per cent since the beginning of the year, according to Bloomberg data. Higher prices and declining bond yields reflect stronger investor confidence……………………………………….Full Article: Source

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