MAF draws $3bn book for green sukuk

Middle East Fotolia 230x150
By Francesca Young
07 May 2019

Majid Al Futtaim, a shopping mall developer based in the Middle East, has set the spread for its green sukuk, with the deal attracting about $3bn of orders for $600m of paper.

Initial price thoughts started at 245bp area over mid-swaps for the 10 year sukuk early on Tuesday in London. Pricing was updated to 225bp-230bp over later in the morning and the final spread was set just after midday at 220bp over. The size was also fixed at that ...

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