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Emaar Sukuk price whisper 8.625pct area, books open

Posted on 27 January 2011

From Zawya Dow Jones: The books for Emaar Properties planned Islamic bond, or sukuk, sale are now open and the price whisper is in the 8.625% area, a banker familiar with the issue said Wednesday.
“The tenor is 5.5 years and the sukuk, which will likely be of benchmark size, will list on the London Stock Exchange. The final pricing is expected Thursday,” the banker, who declined to be identified, told Zawya Dow Jones……………………………………….Full Article: Source

 
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