Wednesday 6 November 2019

#Saudi mall operator Arabian Centres plans debut dollar bond sale – sources - Reuters

Saudi mall operator Arabian Centres plans debut dollar bond sale – sources - Reuters:

Saudi Arabian mall operator Arabian Centres is planning an inaugural sale of U.S. dollar-denominated sukuk, or Islamic bonds, sources familiar with the matter said, as firms in the Gulf take advantage of low interest rates to raise debt. 


The company, which went public earlier this year, is looking to raise $500 million from the issue, said the three sources.

Arabian Centres did not respond to a request for comment.

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