Dubai's Emaar Properties revises talk for $500 million seven-year notes to 6½% to 6 5/8%

By Christine Van Dusen

Atlanta, July 11 - Dubai's Emaar Properties set price talk at 6½% to 6 5/8% for its planned $500 million issue of seven-year Islamic bonds, a market source said.

The deal was initially talked at 6¾%.

Al Hilal Bank, Barwa Bank, Dubai Islamic Bank, Emirates NBD Capital, HSBC, Noor Islamic Bank and Standard Chartered Bank are the bookrunners for the Regulation S deal.

The notes are expected to price on Thursday.

Emaar Properties is a developer based in Dubai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.