Aldar will repay $ 1bn sukuk say investors
Investors in Aldar Properties' $ 1.1 billion sukuk are gambling on the fact that the indebted developer will repay the issue even if it means more aid from Abu Dhabi which the company out this year.
The sukuk was established as an exchangeable bond by National Bank of Abu Dhabi, Barclays Capital and Credit Suisse, at a conversion price of $ 1.55 or 5.69 dirhams.
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