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: October 19, 2017
Analysts discuss security trends at the Gartner Security and Risk Management Summit in Dubai; Security services will continue to be the fastest growing segment in line with global trends, especially IT outsourcing, consulting and implementation services.
date:Posted: October 19, 2017
INTERNATIONAL. Don't ask kids what they want to be when they grow up but what problems do they want to solve. Maybe it's time to re-pose the question to our 6-year-old selves, who (not what) do I want to be in the future?
date:Posted: October 19, 2017
UAE. Pay levels for management accountants are performing well against the backdrop of low global inflation;"Never better time to be a management accountant".
dhgate