Dubai's Emirates REIT gives initial price guidance for 5-yr dollar #sukuk - lead
Dubai's Emirates REIT has given initial price guidance in the low-to-mid 5% for its debut U.S. dollar-denominated sukuk. The issuance of the sukuk is expected to be of benchmark size, which conventionally means the higher side of $500 million. The senior unsecured deal, with an expected BB+ rating by Fitch, will price later in the day.
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