06.11.2012 - Bahrain sukuk jump to record on GCC backing
Bahrainís Islamic bonds jumped in October, sending the yield down the most on record, as backing from the island nationís neighbours prompted investors to disregard protests. The yield on Bahrainís 5.5% sukuk due in March 2020 fell 65 basis points, or 0.65 percentage point, in October, the biggest drop since they started trading in March 2010, to 4.38%, before rising to 4.39% . That outpaced a 21 basis-point decline to 2.96% in the average yield on sukuk in the Gulf Cooperation Council, according to the HSBC/Nasdaq Dubai GCC US Dollar Sukuk Index...............................................Full Article: Source
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