UPDATE 1-Dubai Investments sees $300 mln debut sukuk sale by year-end | Reuters:
"* Says sukuk was delayed due to rise in interest rates
* Sale of stakes in two units by year-end to raise 700 mln dirhams
* Company launches solar panel joint venture (Adds details on stake sales, new joint venture)
By Matt Smith
DUBAI, Nov 18 (Reuters) - Dubai Investments aims to raise $300 million from a debut sale of Islamic bonds by the end of 2013 after delaying a similar plan early this year due to rising interest rates, its chief executive said.
The conglomerate, which has interests in several sectors including property and manufacturing, had in April picked Citigroup Inc, Nomura and J.P. Morgan Chase & Co to help arrange the sale.
"We are in the final stage of application to the various markets. I'm hoping that it should be done this year," Khalid bin Kalban told reporters on Monday."
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