Dubai Investments Park may issue sukuk
Dubai, February 6, 2014
Dubai Investments Park Development has appointed Al Hilal Bank, Citigroup, Dubai Islamic Bank and Emirates NBD to arrange a series of fixed-income investors meetings.
A Reg S senior unsecured US dollar-denominated sukuk transaction may follow subject to market conditions.
Roadshows open in Dubai on Sunday (Feb 9), move to London on Monday and end in Singapore on Wednesday. Alpen Capital is the financial adviser to the issuer.
The company operates a mixed-use industrial, commercial and residential real estate development in Dubai.
Earlier this year, a Dubai-based debt capital markets banker said the likes of Dubai Investments Park would come to the debt capital markets to raise funds in preparation for the World Expo 2020 event. - Reuters