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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 12/8/2023 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Sobha Realty repurchases $15 million of trust certificates

Chicago, Dec. 8 – Sobha Sukuk Ltd. repurchased and canceled $15 million of its trust certificates issued earlier in 2023 (ISIN: XS2633136234), according to a notice.

PNC Investments LLC is the obligor.

There is $285 million issue size of the original $300 million now outstanding.

Sobha is a luxury real estate developer based in Dubai.


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