| From Khaleejtimes.com: Emaar Properties said on Thursday that it had raised $500 million by selling Islamic bonds, or sukuk, to support its capital requirements. Emaar “has successfully priced its first international fixed-income offering, raising $500 million via the issuance of trust certificates with a maturity of 5.5 years at a yield of 8.500 per cent,” the developer said in a statement.
The sukuk was very well-received by the regional and international fixed income investors, Emaar, which is rated B1/BB, added..............................................Full Article: Source
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