Luxury
Dubai luxury developer Omniyat aligns sukuk issuance to right market conditions
With strong demand coming in, Omniyat’s inaugural dollar sukuk issuance was upsized to $500 million from $400 million, indicating investor confidence in both the issuer and the depth of liquidity availabe for Islamic debt. With books at $1.8 billion, Omniyat was able to tighten pricing from the initial high 8%…
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