11.10.2011 - Dubai premium to Malaysia soars on default risk: Islamic finance
Investors are demanding the highest yields in six months on Dubaiís unrated Islamic bonds relative to Malaysiaís investment-grade sukuk on concern the emirate may struggle to pay $31 billion of debt maturing by the end of 2012. The yield on Dubaiís 6.396 percent Shariah-compliant notes due in November 2014 jumped 76 basis points last week to 6.40 percent Oct. 7, widening the premium over Malaysiaís 3.928 percent bonds due in June 2015 to 337 basis points, data compiled by Bloomberg show..............................................Full Article: Source
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