09.12.2009 - Sovereign, European issuers underpin sukuk market
From Forbes: The restructuring of the world's largest Islamic bond issued by Dubai's Nakheel will cause a flight to quality, but issuance will continue to be made by sovereign borrowers and Western firms seeking diverse investor bases, executives said. The government of Dubai upset markets on Nov. 25 by asking for a standstill agreement on the debt of two of its flagship firms, including a $3.5 billion sukuk issued by property developer Nakheel that matures on Dec. 14...................................Full Article: Source
Print