Jafza sukuk rally on early redemption call
Sukuk of Dubai business park operator Jebel Ali Free Zone rose sharply on Wednesday after the company asked holders of the Dh7.5bn ($2.04bn) of November-maturing notes to allow it to redeem them early. Having started the session at around 97.5, the Jafza bonds hit a high of 99.5 as the move boosted market confidence that they will be repaid at par.
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