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Tue, 02 Dec 2008 | 07:26 GMT
DAAR International Sukuk | DARARKAN1.SK Last Price USD 80.000 / 82.000 Yield 22.600 / 20.500 01Dec08
Pricing Provider
Pricing
Currency
Bid/Ask Price
Bid/Ask Yield
Bid/Ask Size (M)
Updated GMT
 
NBD Investment Bank
Indicative
USD
85.000 / 88.000
17.512 / 14.637
- x -
27Nov08 12:38
European Islamic Investment Bank
Indicative
USD
85.000 / 92.000
17.450 / 10.940
- x -
25Nov08 10:23
Dubai Islamic Bank
Indicative
USD
96.750 / 97.750
- / -
- x -
11Sep08 09:02
GFI
Indicative
USD
97.250 / 97.750
- / -
- x -
06May08 14:01
JPMorgan
Indicative
USD
80.000 / 82.000
22.600 / 20.500
- x -
01Dec08 09:44
Important Note: All prices quoted are indicative. User should treat such data with care as Sukuk Monitor does not warrant that such information is accurate or complete.
 
 
  • Issue Facts
  • Tradeable: Malaysia GCC
  • Type of Structure
  • Ijarah
  • Status
  • Closed
  • Type of Sukuk
  • Corporate
  • Currency
  • USD
  • Market Type
  • International
  • Market of Issue
  • Euro Dollar
  • Exchange Listing
  • Nasdaq Dubai
  • Feature
  • Floater
  • Issue Price
  • 100.000
  • Tenor
  • 3 years
  • Maturity Date
  • 07Mar10
 
Rental Rate Details
  • Rental Rate 
    Coupon Rate
  • 3 months LIBOR + 200 bps
  • Periodic Distribution Frequency 
    Coupon Frequency
  • Quaterly
  • 1st Periodic Distribution Date 
    1st Coupon Date
  • 07Jun07 (On the 7th day of each June, September, December and March in each year, the Issuer will pay Periodic Distribution Amounts to each Certificateholder)
 
Key Dates
  • Closing Date
  • 07Mar07
  • 1st Settlement Date
  • 07Mar07
  • Listing Date
  • 23Jul07
 
 
Sources: Offering Circular
  • Over-subscription
  • 0.41x
 
Issue Size
  • Issue Size
  • USD 600,000,000
  • Minimum Subscription
  • USD 100,000
  • Increment
  • USD 1,000
 
Issuer Facts
  • Issuer Name
  • Dar Al-Arkan International Sukuk Company
  • Sector
  • Real Estate
  • Country
  • Saudi Arabia
 
 
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Advisors
No information currently available in this section.
Underlying Assets
  • Underlying Assets
  • Certain rights and interests over land and buildings identified as selected blocks of land and development within the Al-Qasr Project in Riyadh the Yanbu Project, the Ishbiliya Project and various real estate located in Jeddah and Al-Khobar
  • Use of proceeds
  • The proceeds of the issue will be used to purchase Sukuk Assets.
 
Restrictions & Legal
  • Sales Restriction
  • Bahrain, Cayman Islands, Europe, Hong Kong, Malaysia, Qatar, Saudi Arabia, Singapore, UAE, United Kingdom, United States
  • Governing Law
  • English Law
  • Clearing House
  • Euroclear and Clearstream, Luxembourg
  • Ranking/Banking
  • Pari Pasu
  • Securities/Guaranties
  • Guaranteed by Dar Al-Arkan Real Estate Development Company
 
 
Shariah Board
  • Unicorn Investment Bank
  • Members of Shariah Board
      Dr Aagil Jasim Al Nashmy
      Abdulaziz Mohammad Al Gasim
      Dr Ali Muhieddine Al Quradaghi
      Dr Khaled Mathkoor Al Mathkoor
      Dr Mohammed Daud Bakar
 
Parties
  • Legal Advisor
  • Denton Wilde Sapte LLP
 
 
 
 
 
 

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