UAE's Aldar Properties roadshows dirham-denominated debut sukuk

By Aaron Hochman-Zimmerman

New York, May 27 - Aldar Properties PJSC (A3/A-/) announced its debut dirham-denominated sukuk, according to a press release.

A roadshow began on Tuesday in Abu Dhabi, Bahrain and London.

Abu Dhabi Commercial Bank, Barclays, Credit Suisse, Dubai Islamic Bank, First Gulf Bank, Lehman Brothers, National Bank of Abu Dhabi and Noor Islamic Bank will act as bookrunners for the Regulation S deal.

Aldar is an Abu Dhabi-based property developer.

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