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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Positive outlook gives UAE bond market a lift

Posted on 22 March 2010

From Thenational.ae: There is renewed confidence in the UAE’s bond market. The news of Dubai World’s US$26 billion debt restructuring in November not only depressed investors in the region but also its bond prices.

Rumours that lenders were being asked to take haircuts on money they were owed pushed their value down further in the ensuing weeks. Now, fresh talk that a restructuring may happen without a haircut has breathed new life into the sluggish trade of UAE bonds………………………………….Full Article: Source

 
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