Dubai Investments Park has mandated five joint lead managers and bookrunners to arrange a series of fixed income investor meetings ahead of a planned five-year fixed rate sukuk.
The integrated commercial, industrial and residential community, wholly owned subsidiary of Dubai Investments, has mandated Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank and HSBC.
DIP said in a statement that the meetings will take place in Singapore, Hong Kong, Abu Dhabi, Dubai and London, commencing on Friday, ahead of the planned five-year fixed rate US dollar denominated senior unsecured Reg S only sukuk.
Al Mal Capital is acting as financial advisor on the transaction, it added.
DIP offers over 20 million sq ft of office space, 18 showrooms and a large space for staff accommodation, plus a wide array of warehousing, storage, and commercial facilities for small-, medium-, and large-sized enterprises.
It also has over 12,000 residential units and 120,000 residents as well as a university, six schools and five operational hotels.
It was announced earlier this week that total built-up warehouse, office and commercial unit space sub-leased at Dubai Investments Park passed the 5 million sq ft mark in 2018.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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