Emaar Properties hits the road with sukuk

Dubai’s Emaar Properties is conducting fixed income investor meetings in London on Wednesday, organised by Al Hilal Bank, Barwa Bank, Dubai Islamic Bank, Emirates NBD, HSBC, Noor Islamic Bank and Standard Chartered. Amit Jain, Emaar’s group chief financial officer will represent the company.

  • 10 Jul 2012

A dollar-denominated Reg S only sukuk placed under the company’s $2bn trust certificates issuance programme may follow.

The company has only one senior sukuk outstanding, its $500m 8.5% August 2016s. Those notes, which were placed in January 2011, are trading around 109-110.

Emaar is rated B1 by Moody’s and ...

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