A banking document revealed today, Monday, that "Shoba" Real Estate, based in Dubai, has set a preliminary indicative interest rate in a range between 8.75% and 8.875% for dollar-denominated sukuk with a five-year term that cannot be redeemed before three years. According to the document issued by one of the banks arranging the sukuk issuance, the sukuk is expected to be priced later today.
Shoba Real Estate Sets Indicative Interest Rate for Dollar-Denominated Sukuk
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