04.02.2010 - Dar Al Arkan said to issue 5-year benchmark Sukuk
From Bloomberg: Dar Al Arkan Real Estate Development Co., Saudi Arabia’s biggest property company by market value, may issue a five-year fixed-rate Islamic bond, said a banker with knowledge of the sale. The so-called benchmark-size sukuk may be priced to yield in the 10 percent area, said the banker, who declined to be identified before the transaction is complete. A benchmark offering is usually $500 million or more...........................................Full Article: Source
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