25.01.2011 - Dubai Sukuk returns as Emaar seeks $2 bln
From Bloomberg: Emaar Properties PJSC plans to sell as much as $2 billion of Islamic bonds, its first in more than six years, as the developer of the world’s tallest tower in Dubai taps appetite for higher-yielding assets. The government-controlled company said Jan. 18 it will meet fixed-income investors in Europe, Asia and the Gulf for its bond program. The yield on Dubai’s 6.396 percent Islamic note due November 2014 rose 1 basis point to 6.33 percent today, down 373 basis points from a record high of 10.06 percent on Feb. 15, according to Bloomberg data..............................................Full Article: Source
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