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UAE's DAMAC says unit raises $100 mln via sukuk certificates

Tue, 2015-09-22 18:29 — newsdesk

Dubai's DAMAC Properties said on Tuesday that it raised $100 million through private placement of 18-month sukuk certificates. The certificates, rated BB by Standard & Poors, were issued by its unit Damac Real Estate Development Ltd, it said in a bourse statement. Emirates NBD was the sole lead manager for the transaction.

Source: 

http://www.reuters.com/article/2015/09/22/damac-sukuk-idUSD5N0YU00P20150922