Emaar Properties eyes 7-year benchmark sukuk
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Wed July 11, 2012 10:08 am

UAE. Emaar Properties, builder of the world's tallest tower, plans to issue a seven-year benchmark-sized Islamic bond, or sukuk, this week, two market sources said on Wednesday.

Initial profit talk for the sukuk is indicated to be at 6.75%. The company is due to meet investors in London on Wednesday, with pricing due early on Thursday, the sources said.

Benchmark-sized is normally understood to mean at least US$500 million.

Standard Chartered Plc, HSBC Holdings, Abu Dhabi's Al Hilal Bank, Qatar's Barwa Bank, Emirates NBD , Dubai Islamic Bank and Noor Islamic Bank are mandated on the deal

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: January 21, 2018
UAE. The risk landscape in the Middle East is changing rapidly. Every day brings new challenges that considerably alter how companies respond to and manage risk; Organisations can remain strong and resilient by proactively adapting to these trends.
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UAE. The risk landscape in the Middle East is changing rapidly. Every day brings new challenges that considerably alter how companies respond to and manage risk; Organisations can remain strong and resilient by proactively adapting to these trends.
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