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MAF Holding plans up to $4bln bond programme

Posted on 14 June 2011

Dubai’s Majid Al Futtaim Holding, sole franchisee of hypermarket chain Carrefour in the Gulf, plans to set up a medium term notes programme, potentially worth up to $4 billion, two sources said on Monday.

Standard Chartered and Barclays have been picked to arrange the bond programme, said the sources who are familiar with the discussions. ‘Majid al Futtaim is establishing a programme within the next five days that will be somewhere between $2 billion and $4 billion,’ said one of the sources, speaking on condition of anonymity……………………………………….Full Article: Source

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