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Dubai Investments Park sets initial talk in 300 bps area for $300 million five-year sukuk
By Christine Van Dusen
Atlanta, Feb. 12 - Dubai Investments Park Development Co. - a subsidiary of Dubai Investments PJSC - set initial talk in the mid-swaps plus 300 basis points area for its $300 million offering of Islamic bonds due in five years, a market source said.
Al Hilal Bank, Citigroup, Dubai Islamic Bank and Emirates NBD are the bookrunners for the Regulation S sukuk.
The issuer is a mixed-use development in Dubai.
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