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Al Mana sells $163m bond
- Qatar: Monday, May 12 - 2008 at 09:24
Qatar-based Al Mana Group has sold $163.4m of United Arab Emirates dirham-denominated Islamic bonds, reported Reuters. The bond is intended to help finance real estate projects in its home country. The 5-year floating-rate mudaraba sukuk, were priced at 250 basis points. Al Mana's businesses involve car dealerships to construction. The bonds will be listed on the Dubai International Financial Exchange.
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Medilyn Manibo, Assistant News EditorMonday, May 12 - 2008 at 09:24 UAE local time (GMT+4)
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