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IFR-Saudi's Dar Al Arkan launches $300 mln, 3-yr sukuk at 6 pct

Thu, 2013-11-21 17:04 — newsdesk

Saudi real estate firm Dar Al Arkan (B+ from S&P) has launched a $300 million, three-year sukuk offering at 6 percent. The Reg S only deal is expected to price later on Wednesday via Bank Al Khair, BAML, DB, Emirates NBD Capital and GS. The sukuk al-wakala will mature on Nov. 25, 2016.

Source: 

http://in.reuters.com/article/2013/11/20/daralarkan-sukuk-launch-idINL5N...