Dubai – Mubasher: Dubai’s real estate developer Meraas Holding priced on Monday a $200 million tap of the $400 million sukuk privately sold at the end of May, Reuters reported.
An existing transaction, under a bond tap, is reopened for subscription, using the same documentation as before.
Due in May 2022, the $200 million private sukuk was priced at a 4.991% yield to maturity and arranged by Dubai Islamic Bank (DIB) and Emirates NBD Capital.
