(Bloomberg) -- Dar Al-Arkan Real Estate Development
Co., a property developer, sold $1 billion of Islamic bonds,
according to Deutsche Bank AG, the biggest dollar-denominated
sale of the securities by a company from Saudi Arabia.
Deutsche, the arranger, said in the term sheet that the
notes maturing in July 2012 were sold to yield 2.25 percentage
points more than the three-month, dollar London interbank offered
rate, or Libor. Three-month Libor was 5.36 percent.
Read more at Bloomberg Bonds News
Co., a property developer, sold $1 billion of Islamic bonds,
according to Deutsche Bank AG, the biggest dollar-denominated
sale of the securities by a company from Saudi Arabia.
Deutsche, the arranger, said in the term sheet that the
notes maturing in July 2012 were sold to yield 2.25 percentage
points more than the three-month, dollar London interbank offered
rate, or Libor. Three-month Libor was 5.36 percent.
Read more at Bloomberg Bonds News
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