13.01.2011 - Persian Gulf Sukuk sales head to 4-year high

From Bloomberg: Borrowers from the Persian Gulf may sell as much as $8.2 billion of Islamic bonds this year, the most since 2007, encouraged by the lowest yields in two months and accelerating economic growth. Average yields on Shariah-compliant bonds from Gulf Cooperation Council countries fell to 5.385 percent on Jan. 4, the lowest level since Nov. 10, according to the HSBC/NASDAQ Dubai GCC Dollar Sukuk Index..............................................Full Article: Source

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