28.09.2010 - Tamweel bonds surge most in year as DIB raises stake
From Bloomberg: Islamic bonds of Tamweel PJSC rose the most in almost a year after Dubai Islamic Bank PJSC received government approval to purchase a majority stake in the mortgage lender hit by Dubaiís property slump. The price on the 4.31 percent sukuk due in 2013 climbed to 83.5 cents on the dollar at 3:47 p.m. in Dubai, according to Barclays Capital Group prices on Bloomberg. That is a 13 percent increase, the biggest since Oct. 13, from the 73.7 cents close on Sept. 24, according to Bloomberg prices..............................................Full Article: Source
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