Price guidance for a debut dollar-denominated Islamic bond, or sukuk, from Dubai mall developer Majid Al Futtaim (MAF) Holding is in the range of 5.9 percent to 5.95 percent profit rate, with final pricing expected Tuesday, leads said.
Abu Dhabi Islamic Bank, Dubai Islamic Bank , HSBC and Standard Chartered are bookrunners on the five-year deal.
Books are likely to close on Tuesday, followed by pricing, a document from the arranging banks said, after investor meetings concluded on Monday.
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