Emaar holds meetings with investors in Singapore, Hong Kong and London

Dubai 03-09-2019
Emaar Properties has commissioned seven local and foreign banks to arrange a series of meetings with fixed income investors in Singapore, Hong Kong and London starting September 6.
The company said in a disclosure published on the Dubai Financial Market website that the meetings may be followed by the issuance of first-class sukuk without collateral in dollars, according to the regulation / S / for a period of 10 years within the company’s program to issue credit certificates worth $ 2 billion, depending on market conditions. .
The banks appointed include Standard Chartered Bank as sole global coordinator, Dubai Islamic Bank as a Shariah advisor, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq Bank and Sharjah Bank. Islamic Bank “as Managers of Subscription and Record Keepers.