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Aldar sukuk for LSE
- United Arab Emirates: Sunday, February 04 - 2007 at 08:42
Aldar Properties' $1.3bn sukuk, which was unveiled last week, is expected to mature on November 10, 2011. Aldar has also applied to list the sukuk on the Professional Securities Market of the London Stock Exchange. The issue is being marketed to investors with a periodic distribution amount equal to the five year mid-swap rate in US dollars, set at the time of pricing.
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Jonathan Sheikh-Miller, Deputy EditorSunday, February 04 - 2007 at 08:42 UAE local time (GMT+4)
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