Emaar Properties (EMAR.DU), builder of the world's tallest building in Dubai, appointed banks to arrange fixed income meetings ahead of a possible bond issue, the developer said on Tuesday.
HSBC (HSBA.L), RBS (RBS.L) and Standard Chartered (STAN.L) have been picked to arrange the meetings which start on Jan. 21 and will take place in Asia, the Gulf region and Europe, Emaar said in a statement posted on the bourse website. "A transaction may follow subject to market conditions," the statement said.
The property market in the United Arab Emirates suffered in the wake of the global financial crisis as developers overstretched themselves in the pursuit of ambitious projects.
No comments:
Post a Comment