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The price was tightened to a 6.125% semi-annual coupon from IPTs in the 6.625% area. Watch the Zawya video here:
VIDEO: UAE developer Damac raises $600mln via 3.5-year sukuk
UAE real estate developer Damac’s latest debt market tap has raised $600 million, with the 3.5-year benchmark sukuk drawing in an orderbook that exceeded $1.7 billion, excluding JLM interest
February 3, 2026
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