Aldar to meet debt investors

Real-estate developer Aldar will talk to regional and international investors this week but says it has no immediate plans to sell bonds.

Bankers say Aldar may only be “testing the water” and would not proceed with a bond sale if they felt could not achieve the correct pricing or if investor demand was insufficient.

“Aldar will be conducting a set of international fixed income investor meetings,” the company said in a statement to the Abu Dhabi Securities Exchange today. It did not elaborate further.