DAMAC launches $650m sukuk
03/04/2014 2:39 am EDT

share with your network:

Dubai’s Damac Real Estate has launched its five-year, $650m sukuk issue at midswaps plus 310 basis points, at the tight end of revised guidance, Reuters has reported, citing a document from arrangers. The size of the issue was expanded to $650m from the originally planned $500m. Books exceeded $2.8bn shortly before they closed. Damac is the first Dubai property developer to list equity in London. Its sukuk will be listed on the Irish Stock Exchange and Nasdaq Dubai.

About the Author

share with your network:

Share your view

© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.