Industry News
Arada Developments Mandates Banks for 5-Year Sukuk and Launches Tender Offer
UAE-based Arada Developments is marketing a five-year fixed-rate Regulation S US dollar benchmark sukuk issuance alongside a tender offer. The sukuk will be issued under Arada Sukuk 2 Limited's $1.5 billion Trust Certificate Issuance Programme. The company has also invited holders of its outstanding 2027 trust certificates to tender their notes for cash.
