November 14, 2018 / 12:09 PM / a month ago

UAE's NMC Healthcare targets up to $350 mln with debut sukuk

DUBAI, Nov 14 (Reuters) - United Arab Emirates’ healthcare provider NMC Healthcare plans to raise between $300 million and $350 million with its first international sukuk sale, a document issued by one of the banks leading the deal showed.

The company is marketing the issue of a five-year sukuk, or Islamic bond, with a yield of 6 percent.

Orders for the transaction topped $850 million, the document showed. (Reporting by Davide Barbuscia; editing by Jason Neely)

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