Dubai's DAMAC starts marketing dollar sukuk in 6% area | ZAWYA MENA Edition:
"Dubai real estate developer DAMAC Properties has given initial price guidance in the 6 percent area for a five-year dollar sukuk issue expected to be between $400 million and $500 million, a document from one of the banks leading the deal showed. DAMAC also announced that it had received indicative tenders of around $181 million from holders of its outstanding $650 million sukuk due 2019 that the company offered to purchase for cash. The new sukuk is expected to price later on Wednesday. "
'via Blog this'
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