Emaar Malls 'raising US$750m through sukuk'
Over US$5b orders said to be placed for the 10-year notes
Add BT as a preferred source[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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Singapore’s national accountancy body sets up task force to strengthen financial reporting
