UPDATE 1-UAE's NMC Healthcare seeks to raise $400 mln with debut sukuk | Reuters:
United Arab Emirates’ healthcare provider NMC Healthcare has set the size of its first international sukuk issue at $400 million, a document issued by one of the banks leading the deal showed.
Earlier on Wednesday, the company was aiming to raise between $300 million and $350 million, a document from the same bank showed. Orders for the transaction topped $1.1 billion, the document showed.
Companies raising money via bond issues often increase the total they aim to raise in response to strong demand from investors.
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