April 2, 2014 / 5:32 PM / 3 years ago

BRIEF-Damac Real Estate offers a $650 million senior unsecured sukuk

April 2 (Reuters) - Damac Real Estate Development Ltd

* Issued a us$650 million five year regulation ‘s’ senior unsecured sukuk ( “sukuk”) maturing in april 2019, at a profit rate of 4.97%.

* Sukuk will be listed on nasdaq dubai and irish stock exchange with effect from 9 april 2014.

* Proceeds of offering will be used for general corporate purposes and for acquisition of land plots to strengthen and extend company’s development pipeline. Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below