Abu Dhabi's Tamweel postpones dollar RMBS due to market feedback

By Aleesia Forni

Columbus, Ohio, July 5 - Tamweel PJSC (Baa3/BBB+/) postponed its proposed asset-backed dollar-denominated residential mortgage-backed securities based on market feedback, according to a company news release.

The company held a roadshow in June in the Middle East, Asia and Europe.

Abu Dhabi Commercial Bank, Emirates NBD and UBS Investment Bank arranged the meetings.

The real estate developer has headquarters in Abu Dhabi, United Arab Emirates.

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