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Emaar Properties may issue $500m sukuk

Emaar Properties may issue $500m sukuk
The deal will offer investors 255 basis points
Emaar
EMAAR
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Dubai – Mubasher: Emaar Properties is expected to launch $500 million sukuk, according to Reuters.

The deal will offer investors from 250 to 255 basis points over mid-swaps, the international news agency reported on Tuesday.

Earlier in September, the Dubai-listed developer appointed Standard Chartered Bank as sole global coordinator and Dubai Islamic Banks as Shariah advisor for a 10-year sukuk issue.