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Dubai’s MAF plans debut Sukuk by end-November

Posted on 18 November 2011

Shopping mall developer Majid Al Futtaim (MAF) is aiming to raise between $350 million and $500 million in a five-year dollar-denominated Islamic bond, or sukuk, by the end of November, a senior official said on Thursday.

The company appointed HSBC and Standard Chartered to structure its planned sukuk program, sources told Reuters last month. “If we do go ahead, the target we have is between $350 million and $500 million,” said Daniele Vecchi, senior vice president for treasury at MAF……………………………………..Full Article: Source

 
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