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Aldar sells $1.25bln in bonds

Posted on 22 May 2009

From Thenational.ae: The property developer Aldar has sold US$1.25 billion (Dh4.58bn) in corporate bonds, with strong appetite from international investors, its chief financial officer said yesterday.

“We had demand for orders of around $5bn,” said Shafqat Malik. “This is a good testament to Abu Dhabi. There is investor trust in the vision of Abu Dhabi as a whole and in our company.”……Full Article: Source

 
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