| Dubai’s borrowing costs relative to Malaysia’s sank to a record as the emirate makes progress restructuring debts. The extra yield investors demand to own Dubai’s 6.396 percent dollar bond rather than Malaysia’s 3.928 percent sukuk dropped to 251 basis points yesterday, the lowest ever, according to data compiled by Bloomberg.
It was little changed today at 253 basis points. The gap has narrowed 55 basis points since the day before state-owned Dubai World signed an accord with creditors to alter terms on about $25 billion of debt on March 23............................................Full Article: Source
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