Hedge Funds & Alternative Investments
Islamic Finance
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Dubai's Meraas plans refinancing of $600m Islamic bonds
Dubai's Meraas Holding, a state-linked property developer, plans to tender its existing US dollar-denominated Islamic bonds for cash and issue new sukuk to replace them, three sources familiar with the matter said. Meraas' $600 million sukuk, or sharia-compliant Islamic bonds, issued in 2017 fell sharply in value in March last…
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