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| Share Price: 767.80 | Bid: 765.70 | Ask: 765.80 | Change: 2.50 (+0.33%) |  | ||||||
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Dubai's Emaar launches $500 mln sukuk at 6.4 pct profit rate
Thu, 12th Jul 2012 08:54
DUBAI, July 12 (Reuters) - Dubai real estate developer Emaar Properties launched a $500 millio
Final pricing is due later in the day, with order books said to be in excess of $4.5 billion. Pricing at launch for the sukuk was tighter than guidance released on Wednesday, signalling strong appetite for the deal.
Abu Dhabi Islamic Bank, Standard Chartered Plc , HSBC Holdings, Abu Dhabi's Al Hilal Bank, Qatar's Barwa Bank, Emirates NBD, Dubai Islamic Bank and Noor Islamic Bank are mandated on the deal.
(Reporting by Rachna Uppal; Editing by Dinesh Nair) Keywords: EMAAR SUKUK/
(rachna.uppal@thomsonreuters.com)(+971 4 366 4240)(Reuters Messaging: rachna.uppal.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
DUBAI, July 12 (Reuters) - Dubai real estate developer Emaar Properties launched a $500 millio
n seven-year sukuk at a profit rate of 6.4 percent on Thursday, arranging banks said.
Final pricing is due later in the day, with order books said to be in excess of $4.5 billion. Pricing at launch for the sukuk was tighter than guidance released on Wednesday, signalling strong appetite for the deal.
Abu Dhabi Islamic Bank, Standard Chartered Plc , HSBC Holdings, Abu Dhabi's Al Hilal Bank, Qatar's Barwa Bank, Emirates NBD, Dubai Islamic Bank and Noor Islamic Bank are mandated on the deal.
(Reporting by Rachna Uppal; Editing by Dinesh Nair) Keywords: EMAAR SUKUK/
(rachna.uppal@thomsonreuters.com)(+971 4 366 4240)(Reuters Messaging: rachna.uppal.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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