Dubai's Majid Al Futtaim hires banks for perpetual dollar bond | ZAWYA MENA Edition

Dubai's Majid Al Futtaim hires banks for perpetual dollar bond | ZAWYA MENA Edition:

"Dubai's Majid Al Futtaim, a holding company that owns and operates shopping centres in the Middle East and North Africa, has mandated banks to arrange a potential hybrid U.S. dollar-denominated bond, a document from one of the banks showed on Monday.

BNP Paribas, Citi, JPMorgan and Standard Chartered are the joint global coordinators and joint lead managers together with Emirates NBD Capital and First Abu Dhabi Bank.

The potential subordinated perpetual bond will be non-callable for eight years and will be of benchmark size, which normally means upwards of $500 million."



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