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02-04-14
Dubai's Damac to issue USD500 m sukuk
(MENAFN) Dubai's Damac Real Estate plans to issue USD500 million worth sukuk, according to Arabian Business. Data from a leader arranger showed that books now exceed USD1 billion. Damac set price thoughts for its five-year sukuk, in basis points, at midswaps plus the mid-300s. A number of local major banks will be the lead managers of the plan.
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