13.09.2010 - Dana, Aldar debt rally signals Gulf market is reviving
From Gulf-times.com: Convertible Islamic debt sold by Dana Gas PJSC and Aldar Properties are headed for the best quarter in a year, a sign the Persian Gulf market is reviving. Dana Gasís 7.5% bonds due October 2012 yielded 10.77% last week, down from 13.6% on June 30, according to data compiled by Bloomberg. The UAE energy company has operations in Egypt and Iraq. The yield on the 5.767% sukuk due November 2011 issued by Aldar, Abu Dhabiís biggest real-estate developer, was 7.30%, after falling below 10% on August 17..............................................Full Article: Source
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