08.11.2012 - Booming Gulf sukuk market brushes off Dana Gas debacle
When a natural gas producing company in the United Arab Emirates missed repaying a $920 million Islamic bond last week, it became the first UAE company to fail to redeem a bond on time. But the region's debt market barely blinked. Yields on some firms' outstanding Islamic bonds, known as sukuk, dropped to fresh record lows as investors continued pouring money into them. Other companies laid plans for new issues of sukuk...............................................Full Article: Source
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