UAE's Majid Al Futtaim Holding (MAF), the sole franchise of hypermarket chain Carrefour in the Gulf, has set up a $2 billion global bond programme, paving way for a potential debt issue.
Barclays , Standard Chartered and Emirates NBD were picked to arrange the programme, according to the prospectus published on the London Stock exchange on Wednesday.
MAF was planning to set up a medium term notes programme worth between $2 billion to $4 billion, sources told Reuters on Monday.
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