IslamicFinance.de

Jebel Ali Free Zone FZE wants to raise a mix $1.85 billion from a bank facility and the sale of Islamic bonds to help refinance its 7.5 billion-dirham ($2 billion) debt maturing in November.
It appears that the company authorized Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Citigroup Inc., Dubai Islamic Bank PJSC, Emirates NBD PJSC, National Bank of Abu Dhabi PJSC and Standard Chartered Plc to prepare investor meetings in Asia, Europe and the Middle East from June 5 ahead of a possible sukuk sale.

Yields on Islamic bonds of Jebel Ali Free Zone FZE and DIFC Investments LLC have boosted since April as investors shunned risky assets and refinancing prospects worsened.
It appears that th two companies also have sukuk maturing in 2012.
Gus Chehayeb, a Dubai- based associate director at investment bank Exotix Ltd., stated that the only one that he is worried about is Jafza.