Dubai-based property firm goes to London for $500m flotation

Damac, a Gulf-focused property firm, is set for a $500m London listing that was launched on Monday as it attempts to take advantage of increasing optimism towards Middle East property.

  • By Andrew Griffin
  • 08 Nov 2013

Hussain Sajwani, Damac's chairman and founder, will sell $500m of London-listed global depository receipts in the deal, which is expected to put less than 25% of the company into free float.

Citi and Deutsche Bank are joint global co-ordinators and joint bookrunners. Samba Capital’s investment banking arm and ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 28,736.25 82 9.49%
2 JPMorgan 26,609.28 77 8.79%
3 Barclays 19,197.35 50 6.34%
4 HSBC 18,884.90 60 6.24%
5 BNP Paribas 18,849.94 38 6.23%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 9,498.80 2 86.78%
2 Swedbank 160.81 1 1.47%
2 Sumitomo Mitsui Financial Group 160.81 1 1.47%
2 SEB 160.81 1 1.47%
2 Nordea 160.81 1 1.47%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 ING 220.22 2 15.39%
1 Bank of America Merrill Lynch 220.22 2 15.39%
1 ABN AMRO Bank 220.22 2 15.39%
4 Morgan Stanley 114.77 1 8.02%
4 BNP Paribas 114.77 1 8.02%