Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Private Department of Skh Mohamed Bin Khalid Al Nahyan LLC > News item |
S&P gives PD sukuk BB
S&P Global Ratings today said it assigned its preliminary BB issue rating on PD Sukuk Ltd.'s expected $600 million sukuk. The trust certificates will be sold under PD’s $1 billion sukuk program, which S&P rates BB.
The planned inaugural sukuk issuance under the program is intended to repay bank debt and fund general corporate needs.
PD Sukuk is a special purpose vehicle for Private Department of Skh Mohamed Bin Khalid Al Nahyan LLC.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.