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Abu Dhabi’s Aldar says repaid $1.2bln Islamic bond on time in Nov

Posted on 05 January 2012

Indebted Aldar Properties repaid a $1.18 billion convertible Islamic bond, or sukuk, due on November 10 last year on time, the company said in a statement to the bourse, dated Dec 28 but released on Wednesday.
Aldar, which last week received a new $4.6 billion lifeline from the Abu Dhabi government, clarified the redemption of the sukuk certificates after a request from the Abu Dhabi Securities Exchange, where it is listed………………………………………..Full Article: Source

 
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