30.09.2010 - Emaar to issue $450 mln bond; may take writeoff
From Reuters: Dubai developer Emaar Properties said on Wednesday it would issue $450 million in convertible bonds, and that it may have to write off loans related to troubled Islamic mortgage provider Amlak. Emaar said in a statement the five-year note, which would carry a coupon of 7.5 percent, was increased from an initial $375 million on strong demand, and could be further raised up to $500 million..............................................Full Article: Source
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