Monday 10, September 2018 by Kudakwashe

Aldar Properties plans $750 million Sukuk refinancing

 

The company has mandated JPMorgan, Standard Chartered, and First Abu Dhabi Bank for the debt sale.

Aldar Properties has hired banks to arrange a US dollar-denominated Islamic bond issue of at least $750 million, reported Reuters.

The issue will refinance a $750 million outstanding Sukuk, due in December this year.

Dubai Islamic Bank will also have a role in the deal.

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