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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Aldar sets Mubadala bond coupon at 4 pct

Posted on 08 March 2011

From Reuters: Aldar Properties will pay 4 percent interest on 2.8 billion dirhams ($762.5 million) of convertible bonds to be sold as part of its rescue package, a much higher rate than analysts had expected.
Abu Dhabi developer Aldar, which is selling the bonds to state-owned fund Mubadala, announced the coupon in a statement to the bourse on Monday……………………………………….Full Article: Source

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