National Central Cooling Co.

Tabreed Bonds Show Investors See Support From Abu Dhabi

Islamic bonds of National Central Cooling Co., known as Tabreed, rose on speculation the provider of air conditioning services to the Dubai Metro may follow Aldar Properties PJSC in getting financial support from Abu Dhabi.
Tabreed’s floating-rate $200 million sukuk maturing in July rose 13 cents on the dollar in the past month to 88 cents yesterday.
Tabreed is talking to banks to restructure 5 billion dirhams of debt.

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