DUBAI, April 11 DAMAC Properties, Dubai's second-largest developer, has priced at par a $500 million sukuk with a five-year tenor and a profit rate of 6.25 percent, a document issued by one of the banks leading the deal showed on Tuesday.
The Regulation S, senior unsecured Islamic bond was priced with a spread of 430.3 basis points over mid-swaps.
BofA Merrill Lynch, Emirates NBD Capital, HSBC and VTB Capital are the joint bookrunners. (Reporting by Davide Barbuscia; Editing by Mark Potter)
UPDATE 1-Poland approves IPO plan for Austria's RBI unit, timing unclear
WARSAW/VIENNA, June 28 Poland's Financial Supervision Authority (KNF) said on Wednesday it had approved the initial public offering (IPO) prospectus for the Polish unit of Austria's Raiffeisen Bank International (RBI) but the exact timing of the issue remained unclear.