A year after it called off its maiden conventional bond issue in the international market, Dubai’s Majid Al Futtaim Holding is trying again. This time, stronger global demand for Gulf debt, and better investor sentiment towards Dubai in particular, mean a much smoother ride for MAF.
The shopping mall developer is eyeing a seven-year, $500 million conventional bond, longer than the five-year tenor favoured in the region. It released price guidance at 5.375 percent on Wednesday………………………………………..Full Article: Source