News tagged "Sukuk"

Shuaa Capital announces issuance and private placement of US$ 135 mn sukuk for JODC

Shuaa Capital announces issuance and private placement of US$ 135 mn sukuk for JODC

10th January 2019

According to *Tradearabia news report, Shuaa Capital, a premier financial services company in the UAE, has announced the issuance and private placement of a $135-million Islamic bond (sukuk) for Jabal Omar Development Company (JODC), one of the largest publicly-listed real estate companies in Saudi Arabia, as it seeks to strategically diversify its capital base.[..]

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Aldar completes successful refinancing with new 7 year US$ 500 mn sukuk

Aldar completes successful refinancing with new 7 year US$ 500 mn sukuk

26th September 2018

  • Aldar Investments’ debut US$500m 7 year sukuk competitively prices at 4.75%
  • More than twice over-subscribed across Europe, Middle East and Asia
  • Proceeds to be used to refinance existing debt

Abu Dhabi, UAE, 26 September 2018: Aldar Properties PJSC (“Aldar”), today announces that its 100% owned subsidiary Aldar Investments has successfully issued its debut fixed rate US dollar denominated sukuk, with a tenor of 7 years, raising a total of US$500 million. Aldar Investments is the region’s largest diversified real estate investment company, and its highest rated non-government related corporate.  The new issuance demonstrates Aldar Investments’ ability to raise efficient long-term debt capital independently; and also successfully refinances Aldar’s forthcoming debt maturities. [..]

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Drake & Scull to issue sukuk in Q2 2018

Drake & Scull to issue sukuk in Q2 2018

29th March 2018

According to *Constructionweekonline news report, Drake & Scull International (DSI) announced on Wednesday that it is targeting to issue a sukuk convertible into equity in the second quarter of 2018.[..]

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