From Hurriyetdailynews.com: Tourism Development & Investment Co., a state-owned developer of hotels in Abu Dhabi, may raise $1 billion from a five-year Islamic bond issue that could be the biggest international sale from the Gulf this year, bankers familiar with the deal said on Tuesday.

The Islamic bond, also known as sukuk, may be priced to yield around 240 basis points above the benchmark mid-swap rate, according to one banker who didn’t want to be identified because the details are private. The bids for the issue exceed $4 billion, he said…………………..Full Article: Source