Dubai's Meraas Holding, a real estate developer owned by the government, priced on Monday a $200 million tap of the $400 million sukuk which it sold privately at the end of May, a document showed.
Under a bond tap, an existing transaction is reopened for subscription, using the same documentation as before.
The $200 million of private sukuk, due in May 2022, were priced at a 4.991 percent yield to maturity and arranged by Dubai Islamic Bank and Emirates NBD Capital, the document showed.
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