29.10.2009 - Investors flock to Dubai’s Sukuk sale
From Khaleejtimes.com: Dubai on Wednesday successfully placed nearly $2 billion in new five-year Islamic bonds, the biggest sukuk sale from the Gulf region this year, which received a hearty response reflecting renewed investor confidence in the emirate and lifting doubts about its ability to meet its debt obligations, analysts and bankers said. Bankers said the dollar tranche of the issue was finalised at $1.25 billion, while the dirham note was closed at Dh2.5 billion or about $680 million. The book for the bonds closed at with the dollar tranche attracting $4.9 billion of bids and the dirham tranche receiving Dh5.4 billion...........................Full Article: Source