Abu Dhabi Royal Family Real Estate Firm Begins Selling Dollar Sukuk

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DUBAI, July 7. (Reuters)The private department of Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD), a relatively small real estate player in Abu Dhabi owned by members of his ruling family, gave an initial price target of around 5.75% for the five-year Islamic US dollars. bonds, according to a document released Wednesday.

Emirates NBD Capital ENBD.DU and First Abu Dhabi Bank FAB.AD acted as global coordinators, and the Commercial Bank of Abu Dhabi ADCB.AD, Islamic Bank of Dubai DISB.DU and Mashrek MASB.DU The deal, which is expected to start later Wednesday, was also involved in the deal, one bank said in a document.

(Reporting by Yousef Saba; editing by Christopher Cushing)

((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.





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