Emaar To Raise Up To $2bn From Bond SalesTuesday, January 20, 2009
Emaar Properties, the UAE's largest real estate developer, plans to raise up to $2bn by selling Islamic bonds. A prospectus for setting up a US$2 billion trust certificate programme by a unit of Emaar was approved by the UK Listing Authority, the Dubai-based company said today in a Regulatory News Service statement. A unit of HSBC Holdings will serve as the principal paying agent for the programme, Emaar said. Source: AME Info
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