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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Emaar raises $500 mln from sale of Islamic bonds

Posted on 13 July 2012

Emaar Properties PJSC, the developer of the world’s tallest tower in Dubai, paid a lower profit rate than last year when it raised $500 million from the sale of Islamic bonds.
The Dubai-based developer offered a profit rate of 6.4 percent on the seven-year Shariah-compliant notes, a person familiar with the matter said, declining to be identified because the details are private. Emaar raised $500 million from the sale of five-year Islamic notes at a profit rate of 8.5 percent last year……………………………………….Full Article: Source

 
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