UPDATE 1-Dubai Investments Park postpones Islamic bonds sale | Reuters:
Dubai Investments Park (DIP), a subsidiary of Dubai Investments, has postponed its planned issue of U.S. dollar-denominated sukuk, or Islamic bonds, saying more attractive funding alternatives were available.
DIP, a residential, commercial and industrial development, had mandated Citi, HSBC, Dubai Islamic Bank , Emirates NBD Capital and First Abu Dhabi Bank as lead managers and bookrunners for the planned debt issue, it said last week.
It was planning a five-year sukuk sale to refinance outstanding notes, according to a statement issued on Wednesday by one of the banks leading the deal.
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