Emaar Properties, a Dubai-based developer, has hired HSBC, Royal Bank of Scotland and Standard Chartered to arrange meetings with fixed income investors in Hong Kong, Singapore, the United Arab Emirates, Switzerland and London.
The meetings end on Tuesday. Further details will follow with regards to a deal, which will be issued depending on market conditions.
Emaar, rated B1/BB and 32% owned by the Government of Dubai, has not tapped the international straight debt market before. It did issue a convertible bond in