Arabian Centres plans $500 mln sukuk: report

17/03/2021 Argaam

Arabian Centres headquarters

Arabian Centres is planning a sale of $500 million sukuk, which is expected to be issued before the month of Ramadan, Reuters reported, citing sources familiar with the matter.

 

Proceeds from the planned debt sale will be used to refinance outstanding debt and to back expansion plans, said one of the sources.

 

HSBC is helping the firm to arrange the deal, the sources said, with one of them adding Goldman Sachs has also been chosen to lead the transaction.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.