Dar Al Arkan taps long dated bid to reach 7y

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By Ross Lancaster
20 Feb 2020

Dar Al Arkan Real Estate Development Company moved beyond the usual five year tenor it normally issues at on Wednesday, making the most of investors’ willingness to take on longer maturity paper.

The B1 rated Saudi issuer began a roadshow for a seven year Reg S dollar deal on Monday. Alkhair Capital, CitiDeutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Mashreqbank, NomuraStandard Chartered and Warba Bank worked as joint lead managers and bookrunners for the trade. They set initial ...

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