Dar Al Arkan’s USD 750 mn sukuk issuance sees strong demand
The offering matures in July 2030, with a 7.25% yield annually
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The offering matures in July 2030, with a 7.25% yield annually
PLUS: Red Sea Int’l subsidiary lines up IPO
The issuance was divided into five tranches
Dar Al Arkan will issue fixed-rate notes in a Reg S-compliant offering
The issuances will take place through offshore special-purpose vehicles
The issuance is pending regulatory approval
The issuance is part of the bank’s USD 25 bn Trust Certificate Issuance Program
Orders exceeded USD 4 bn
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