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Tuesday, 13 June 2017

Qatari Real Estate Bonds Hit the Hardest by Diplomatic Dispute - Bloomberg

Qatari Real Estate Bonds Hit the Hardest by Diplomatic Dispute - Bloomberg:

"The worst-performing bonds in the Gulf last week were two sukuk issued by Qatar’s Ezdan Holding Group QSC.

Shariah-compliant debt sold by the real estate company mainly to private banks and wealthy individuals sank as much as 9.9 percent, pushing the yield up 245 basis points to 7.21 percent, according to data compiled by Bloomberg. The dollar-denominated bonds rebounded Monday as Qatar Finance Minister Ali Shareef Al Emadi said the economy can withstand a rupture of diplomatic ties with a Saudi Arabia-led group of Arab nations."



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