| From Zawya Dow Jones: Emaar Properties, the Dubai-based real-estate developer, plans to launch a $2 billion Islamic bond program, according to the program's base prospectus. Emaar, builder of Burj Khalifa, the world's tallest building, has appointed HSBC Bank Plc, The Royal Bank of Scotland Plc and Standard Chartered Bank as arrangers on the program.
The Islamic bond, or sukuk, program will be issued through Cayman Islands-incorporated Emaar Sukuk Ltd. Moody's Investors Service Tuesday assigned a 'B1' rating to the program..............................................Full Article: Source
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