Emaar Malls Group issuance comes ahead of planned initial public offering
The meetings started on 8 June and will be held with fixed income investors from the Middle East, Asia and Europe.
A total of eight regional and international banks are arranging the meetings for the group. These are Dubai-based Dubai Islamic Bank, Emirates NBD Capital, Mashreq and Noor Bank, as well as Abu Dhabi-headquartered First Gulf Bank and National Bank of Abu Dhabi, the US Morgan Stanley and the UKs Standard Chartered.
A US dollar sukuk may be issued following the meetings depending on market conditions.
The potential sukuk issuance follows news that Emaar Malls Group raised a $1.5bn Islamic loan through a consortium of UAE-based banks in early June.
The facility has been raised ahead of the planned initial public offering (IPO) of the property companys shopping malls business on Dubais main stock exchange.
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