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Saudi Dar Al Arkan said to plan Islamic dollar bonds

Posted on 22 January 2010

From Bloomberg: Dar Al Arkan Real Estate Development Co., Saudi Arabia’s biggest property company by market value, plans to sell Islamic bonds to refinance its $600 million debt, said two bankers with the knowledge of the sale.

Goldman Sachs Group Inc., Deutsche Bank AG and Unicorn Investment Bank BSC are managing the transaction, said the bankers, who declined to be identified before the deal is complete……………………………….Full Article: Source

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