UAE's Aldar says to guarantee 5 yr, $1.25 bln bond

Abu Dhabi's Aldar Properties ALDR.AD will guarantee a $1.25 billion 5 year bond by a special purpose vehicle to be listed on the London Stock Exchange, it said in a statement on Thursday.

Abu Dhabi's largest real estate developer had said on Tuesday it would guarantee a possible dollar-denominated bond issued by a special purpose vehicle.

Ratings agency Standard & Poor's said it assigned the Aldar benchmark bond, which would be issued by a special purpose vehicle called Atlantic Finance Ltd., an A- rating, while Moody's assigned the notes of A3. [ID:nLJ959642]END