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Dubai’s Emaar raises $500 mln by foreign bonds

Posted on 28 January 2011

From AFP: Dubai’s leading property develop, Emaar, said Thursday it has raised $500 million through an offering international bonds aimed mainly at refinancing debt, raising hopes for eased finance for Dubai firms.
The company behind the building of the world’s tallest tower, Burj Khalifa, said its first international fixed-income offering, in the form of sukuks, or Islamic bonds, was “very well received.”………………………………………Full Article: Source

 
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