Damac sets final yield for 5-yr sukuk

Damac sets final yield for 5-yr sukuk
(Photo Credit: Company Website)
Damac DAMAC -0.51% 3.93 -0.02

Dubai – Mubasher: Damac Properties has set the final yield of its planned $500 million five-year sukuk at 6.25% as compared to an initial mid-6% area, CNBC Arabia reported.

The real estate developer mandated Bank of Americal Merill Lynch, Emirates NBD, HSBC, and FTB Capital to arrange its US dollar-dominated sukuk issue, sources had told CNBC Arabia earlier.

Related topics
Source: Mubasher

Comments