Dubai Investments to launch $272.5m Islamic bond
- United Arab Emirates: Tuesday, February 19 - 2013 at 03:58
Khalid bin Kalban, the chief executive of Dubai Investments has said the firm is set to launch an Islamic bond worth up to Dhs1bn ($272.5m), Zawya Dow Jones has reported. The sukuk is to be launched by the end of April in the name of Dubai Investments Park, a major real estate development Dubai Investments owns on the emirate's outskirts, bin Kalban said. The proceeds will be used for expansion and to repay existing liabilities, he said.
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