Saudi Dar Al-Arkan's $750mln sukuk priced
Saudi Arabia-based Dar Al-Arkan Real Estate Development Co.'s 5-year Regulation S $750 million sukuk has been priced at 7.250%, tightening from initial price thoughts in the 7.750% area.
The reoffer yield for the senior unsecured sukuk is 7.375%.
The Ijara-commodity Murabaha sukuk is expected to be rated B1 by Moody's. The issuance will be listed on LSE's Main Market and Nasdaq Dubai.
(Writing by Brinda Darasha; editing by Daniel Luiz)
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