Dubai-Mubasher: Emaar Properties mandated nine banks to arrange fixed income investor meetings in Asia, the Middle East and Europe as of 4 September, according to a bourse statement.
Bank ABC, Dubai Islamic Bank (DIB), Emirates NBD Capital, First Gulf Bank (FGB), Mashreq, National Bank of Abu Dhabi (NBAD), Noor Bank, Standard Chartered Bank (SCB) and Union National Bank (UNB) will act as joint lead managers and book runners. SCB will be a sole global coordinator.
The meetings may be followed by a USD regulation S senior unsecured Sukuk offering under Emaar’s trust certificate issuance program worth $2 trillion, subject to market conditions.
