Damac mandates 4 financial institutions for sukuk issue

Damac mandates 4 financial institutions for sukuk issue
Damac Properties' AYKON City (Photo Credit: Company Website)
Damac DAMAC -1.74% 3.38 -0.06

Dubai – Mubasher: Damac Properties mandated Bank of Americal Merill Lynch, Emirates NBD, HSBC, and FTB Capital to arrange its US dollar-denominated sukuk issue, CNBC Arabia channel reported.

The Dubai-listed developer has tightened price guidance on its planned five-year benchmark US dollar sukuk to 6%, sources told CNBC Arabia.

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Source: Mubasher

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