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Dubai-based Islamic mortgage lender Tamweel plans to raise $235 million from the sale of a mortgage-backed sukuk secured on properties in the emirate and related receivables, according to a rating statement from Moody’s.
The certificates are due to mature in 2046, according to the agency’s provisional rating, released on Tuesday………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more
Dubai’s Tamweel eyes $235 mln mortgage-backed sukuk
| Posted on 20 June 2012 |
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