Equate to issue first Gulf dollar bonds

Equate to issue first Gulf dollar bonds

Some have been shelved, including sukuk, or Islamic bonds, planned by Dubai Islamic Bank. The yield on Equate Petrochemical 10-year dollar bonds due in 2026 had climbed to 4.6 per cent on Tuesday from 2.8 per cent on March 6, when talks between Opec and other oil producers over coordinated output cuts aimed at supporting crude prices collapsed.. The yield on its five-year dollar bonds due in 2022 jumped to 4.6 per cent from 2.4 per cent in the same period, Refinitiv data showed..