The cost to insure Dubai's bonds against default climbed 85 basis points in the period to 470, according to data provider CMA.
Dubai had earlier successfully negotiated a deal to restructure nearly $25 billion dets owed by Dubai World.
Saturday, 3 December 2011
gulfnews : Dubai's November 2014 sukuk surges 84 points
Yields on Dubai's non-rated 6.396 per cent sukuk maturing in November 2014 surged 84 basis points last month to 6 per cent in Dubai, poised for the second-biggest monthly jump since state-owned holding company Dubai World sought to delay payments on $25 billion of debt in November 2009.
The cost to insure Dubai's bonds against default climbed 85 basis points in the period to 470, according to data provider CMA.
Dubai had earlier successfully negotiated a deal to restructure nearly $25 billion dets owed by Dubai World.
The cost to insure Dubai's bonds against default climbed 85 basis points in the period to 470, according to data provider CMA.
Dubai had earlier successfully negotiated a deal to restructure nearly $25 billion dets owed by Dubai World.
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