Monday 25 June 2012

UPDATE 1-UAE mall developer MAF picks banks for possible bond | Reuters

UAE mall developer Majid Al Futtaim Holding (MAF) has picked banks to arrange investor meetings ahead of a potential second bond issue this year, lead managers said on Monday.

MAF, the sole franchisee of French hypermarket chain Carrefour will meet investors in Singapore and London starting June 26 following which the company may issue a dollar-denominated bond, subject to market conditions.

J.P. Morgan Chase, National Bank of Abu Dhabi , Barclays Plc, Standard Chartered Plc and UBS AG have been mandated to arrange roadshows.

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