September 24, 2018 / 2:04 PM / 25 days ago

Aldar Investment Properties set to raise $500 mln in sukuk

DUBAI, Sept 24 (Reuters) - Aldar Investment Properties, a fully owned subsidiary of Abu Dhabi’s largest developer Aldar Properties, is set to raise $500 million in seven-year sukuk, or Islamic bonds, according to a bank document reviewed by Reuters.

The company is offering investors 170 basis points over mid-swaps for the notes, which will price later on Monday. (Reporting by Davide Barbuscia; Editing by Adrian Croft)

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