| 16.04.2012 - Optimism toward Dubai boosts Nakheel bonds |
| A dramatic fall in yields on the bonds of state-owned property developer Nakheel underlines how investor sentiment toward Dubai is improving, even though the outlook for the company’s own business remains tough. Nakheel’s $1.0bn, five-year sukuk is yielding about 14%, down from levels above 21% when the Islamic bond was issued to trade creditors last August as part of a restructuring of the company’s $16bn debt...............................................Full Article: Source |