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Tue, 02 Dec 2008 | 07:19 GMT
Aldar Properties Sukuk | ALDAR.SK Last Price USD 93.000 / 98.000 Yield 8.500 / 6.500 01Dec08
Pricing Provider
Pricing
Currency
Bid/Ask Price
Bid/Ask Yield
Bid/Ask Size (M)
Updated GMT
 
NBD Investment Bank
Indicative
USD
90.000 / 94.000
- / -
- x -
27Nov08 12:38
GFI
Indicative
USD
145.000 / 155.000
- / -
- x -
08Sep08 10:48
Shuaa Capital
Indicative
USD
93.000 / 98.000
8.500 / 6.500
- x -
01Dec08 11:41
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: GCC Malaysia
  • Type of Structure
  • Modarabah
  • Status
  • Closed
  • Type of Sukuk
  • Corporate
  • Currency
  • USD
  • Market Type
  • International
  • Market of Issue
  • Euro Dollar
  • Exchange Listing
  • London SE
  • Feature
  • Fixed
  • Issue Price
  • 100.000
  • Tenor
  • 5 years
  • Maturity Date
  • 10Nov11
  • Embeded Options
  • Convertible
 
Profit Rate Details
  • Profit Rate 
    Coupon Rate
  • 5.767 %
  • Profit Distribution Frequency 
    Coupon Frequency
  • Quaterly
  • 1st Profit Distribution Date 
    1st Coupon Date
  • 10May07 (The 10th day of every February, May, August and November, the Issuer will pay Periodic Distribution Amounts to Certificateholders.)
 
Key Dates
  • Open Date
  • N/A
  • Closing Date
  • 08Mar07
  • 1st Settlement Date
  • 08Mar07
  • Listing Date
  • 09Mar07
 
 
Sources: Offering Circular
Issue Size
  • Issue Size
  • USD 2,530,000,000
  • Minimum Subscription
  • USD 100,000
  • Increment
  • USD 1,000
 
Issuer Facts
  • Issuer Name
  • Aldar Funding Limited
  • Sector
  • Real Estate
  • Country
  • UAE
 
 
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Underlying Assets
  • Use of proceeds
  • The proceeds will be used by the issuer to invest with the Mudarib as the Mudarabah Capital in accordance with the terms of the Mudarabah Agreement.
 
Restrictions & Legal
  • Sales Restriction
  • Bahrain, DIFX, Hong Kong, Italy, Kuwait, Malaysia, Qatar, Saudi Arabia, Singapore, Switzerland, UAE, United Kingdom, United States
  • Governing Law
  • English Law
  • Clearing House
  • Euroclear and Clearstream, Luxembourg
  • Ranking/Banking
  • Pari Pasu
 
 
Parties
  • Trustee
  • Aldar Funding Limited
 
 
 
 
 
 

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