10.05.2012 - Dana $1 bln Sukuk yield jumps to record, shares drop
The yield on Dana Gas PJSC (DANA)’s Islamic bonds due in October jumped to a record after investors were said to have hired law firm Linklaters LLP to help negotiate the restructuring of the $1 billion Islamic bonds. The yield on the 7.5 percent notes soared to 85.2 percent at 4:31 p.m. in Dubai, prices compiled by Bloomberg show. The Sharjah, United Arab Emirates-based company’s shares dropped 2.3 percent to 42 fils, the lowest in three months, at the 2 p.m. close in Abu Dhabi...............................................Full Article: Source
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