<|begin_of_text|><|begin_of_text|><|begin_of_text|>Aldar Investment Properties, a fully owned subsidiary of Abu Dhabi’s biggest listed developer Aldar Properties, is commencing a round of fixed-income investor meetings for the issuance of an Islamic bond to repay its $750 million (Dh2<wm> billion) maturing in one year.
In a notification to the Central Bank of Dubai, it's mentioned that Aldar Investment Properties has set the issue amount from $5,500, $5,500 at current market price per bond, and fixed a coupon rate of $0.75.
Algeron said that due to the requirement of the fixed-income investors to access cash, this would simplify the issue, making a more predictable profit in its financial dealings.
It mentioned that the fixed interest payments</wm> of $5,500 per year on $5,500, $6,500 at current market