Dubai’s Majid Al-Futtaim plans 10-year dollar-denominated benchmark

By Marisa Wong

Morgantown, W.Va., May 7 – MAF Sukuk Ltd. is planning a dollar-denominated benchmark offering of securities guaranteed by Majid Al-Futtaim Holding LLC, according to a notice.

The securities will mature on May 14, 2029.

The offering will include a greenshoe for up to 5% of the total issuance.

Abu Dhabi Islamic Bank, Dubai Islamic Bank, ENBD Capital, First Abu Dhabi Bank, Gulf International Bank, HSBC and Standard Chartered Bank are the managers.

Majid Al-Futtaim is a Dubai-based shopping mall company.

© 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.