27.11.2009 - Gulf bonds plunge, CDS soar on Dubai; shadow on planned bonds
From Reuters: Dubai's shock move to restructure billions of dollars in debt fuelled a heavy selloff in Gulf bonds on Thursday while debt insurance costs soared, endangering planned issues from the region in the near future. At least one issuer was forced to pull a bond sale after Dubai said on Wednesday it was seeking a standstill on debt held by flagship firms Dubai World and property developer Nakheel, until at least May 2010.................................Full Article: Source
Print