Aabar said it would sell two tranches of bonds worth 750 million euros each, with an option to increase that amount by a further 250 million per tranche.
The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $2.5 billion, an earlier document showed.
Unsecured creditors of the Dubai arm of the Espirito Santo empire will get none of the $14 million they are owed.
Ras Al-Khaimah is planning a benchmark size offer, traditionally understood to mean upwards of $500 million.
The initial guidance for the senior unsecured ten-year sukuk issue is at around 100 basis points over midswaps, a document showed.
The company made a net profit in 2014 of Dhs4.68 billion last year, up from Dhs3.30 billion in 2013.
The bulk of the financing consisted of a $800 million Islamic loan of five years duration that was provided by five Saudi banks.
Daman Fifth caters mostly to rich individuals, family investment offices and institutional investors from within the Gulf.
The financing from a group of Korean institutional investors is structured as a 15-year, fixed coupon full-payout lease.
The annual general meeting of the lender gave approval for the move in accordance with Basel capital requirements.
The plan comprises issuance in domestic and international markets through public subscription or private placement, a bourse statement said.
Savola reduced its projection to SAR178 million before capital gain from its previous forecast of SAR360 million.
Takween in December agreed to buy the packaging unit of Savola, the region’s largest food firm for SAR910 million.