| 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
|