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Published on 1/19/2011 in the Prospect News Emerging Markets Daily.

UAE's Emaar Properties sets size at $2 billion for sukuk notes

By Christine Van Dusen

Atlanta, Jan. 19 - The United Arab Emirates' Emaar Properties has set the size for its planned sukuk issue of notes at $2 billion, a market source said Wednesday.

HSBC, RBS and Standard Chartered are the bookrunners for the deal.

Emaar Properties is a property developer based in Dubai.


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