DAMAC reportedly in talks with banks for possible dollar sukuk issue
DAMAC Properties is reportedly in talks with banks about a possible issue of USD-denominated Islamic bonds, sources familiar with the matter said on Monday. Discussions about a new issue are at an early stage, said the sources. A spokesman at DAMAC said: "We are continuously in talks with many bodies on funding possibilities and options. We always keep all options open. When financing decisions are made we make appropriate announcements."
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