Emaar Malls 'raising US$750m through sukuk'
Over US$5b orders said to be placed for the 10-year notes
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[DUBAI] Emaar Malls Group is raising US$750 million through a debut Islamic bond issue, according to two people familiar with the matter.
The 10-year sukuk may price at about 185 basis points above mid-swaps, the people said, asking not to be identified because the information isn't public.
The owner of Dubai Mall, one of the world's biggest, met fixed income investors in Asia, Europe and the Middle East this month.
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