MAF prints green sukuk with zero NIP
Majid Al Futtaim (MAF), a shopping mall developer based in the Middle East, sold a 10 year green sukuk on Tuesday flat to its outstanding curve.
Order books closed in excess of $2.8bn from around 170 investors after peaking at $3bn. The book included $225m of joint lead manager interest.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 ...
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