Dubai’s Emaar Properties talks up to $750 million 10-year notes at 235 bps over mid-swaps

By Christine Van Dusen

Atlanta, Sept. 7 – Dubai-based property developer Emaar Properties set talk at mid-swaps plus 235 basis points for an offering of up to $750 million in Islamic bonds due in 10 years, a market source said.

Standard Chartered, Emirates NBD, National Bank of Abu Dhabi, First Gulf Bank, Dubai Islamic Bank PJSC, Union National Bank, Mashreqbank, Noor Bank and Bank ABC are the bookrunners for the Regulation S deal.

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