Emaar Malls, the malls unit of Emaar Properties (Emaar) has tightened pricing of the debut sukuk before launch.

Emaar’s offering received more than $5 billion worth of orders from investors; seven times the offered $750 million Islamic bond.

Accordingly, the real estate developer revised the tight end of the 182.5-187.5 basis points over midswaps range, Gulf Times stated.