GLOBAL: The spread between Dubai and Malaysian Sukuk yields is closing as the emirate’s economy shows signs of recovery.
The difference on Dubai’s unrated 6.4% Sukuk maturing in 2014 and Malaysia’s investment-grade 3.93% Islamic notes due in 2015 has narrowed 81 basis points (bps) to 206 bps.
Dubai’s debt now yields 4.13%, compared to 1.99% on the Malaysian securities.