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Damac is going to issue Islamic bonds denominated in dollars
Damac Properties has appointed Barclays and HSBC to issue Islamic bonds denominated in US dollars, Bloomberg sources told Bloomberg.
The company issued a $ 500 million sukuk last year for a five-year maturity arranged by Bank of America Merrill Lynch and Emirates NBD Capital.
The sources said Dubai's second-largest real estate developer would appoint more banks to arrange the bond issue.
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