Wednesday 30, April 2008 by

Tabreed announces final terms for Sukuk

Tabreed has announced the final terms for its AED 1.5 billion ($408 million) fixed rate Shari’ah compliant mandatory exchangeable trust certificates, or Sukuk, due 2011. The issue is subject to an increase option of up to $54.4 million for the benefit of Morgan Stanley, exerciseable prior to 17.00 London time on 12 May, 2008.

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