Dubai's Majid Al Futtaim
plans to issue a five-year dollar-denominated Islamic bond, or
sukuk, with early profit rate indications at no more than 6
percent, a source with knowledge of the deal said on Sunday.
MAF is holding investor meetings in the United Arab Emirates
on Sunday, followed by London and Kuala Lumpur on Monday.
The mall developer, which is the sole franchise for
Carrefour in the Gulf, has picked Abu Dhabi Islamic
Bank, Dubai Islamic Bank, HSBC and
Standard Chartered to arrange its debut sukuk.
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