| From Bloomberg: Islamic bonds of Tamweel PJSC, the United Arab Emirates-based mortgage lender, have failed to benefit from the Dubai World debt accord after being the worst performing sukuk in the country in the past five months.
The yield on Tamweel’s 4.31 percent sukuk due in 2013 surged 8.67 percentage points, since an April 13 low. Yields on the debt climbed six basis points to 19.64 percent since Sept. 9, the day before Dubai World unveiled an accord with 99 percent of creditors. Yields on notes from Dubai World’s DP World Ltd. fell 22 basis points in that time...........................................Full Article: Source
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