Emaar is said to be considering USD-bond sale in 2H16
Emaar Properties (Emaar) is reported to be considering the issuance of an international bond issue in 2H16, according to three anonymous sources who are familiar with the matter. While advisors for the USD-denominated sale are said to have been appointed, no final decision has been made and Emaar may not go ahead with the plan, if market conditions are not conducive, according to the same sources. The news has yet to be confirmed by the company’s management. (Bloomberg)
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