| 04.06.2012 - Dubai's JAFZA eyes new sukuk to help repay old one |
| Dubai's Jebel Ali Free Zone (JAFZA) has picked seven banks to arrange a new Islamic bond, lead managers said on Friday, with at least $500 million likely to be raised to part-repay the firm's 2012 sukuk obligation. Along with a $1.25 billion sukuk issued by another state-owned entity, DIFC Investments, due in June, the JAFZA redemption was considered crucial to assess the ability of Dubai Inc firms to meet their debt maturities...............................................Full Article: Source |