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Dubai's Emaar Properties revises talk for $500 million seven-year notes to 6½% to 6 5/8%
By Christine Van Dusen
Atlanta, July 11 - Dubai's Emaar Properties set price talk at 6½% to 6 5/8% for its planned $500 million issue of seven-year Islamic bonds, a market source said.
The deal was initially talked at 6¾%.
Al Hilal Bank, Barwa Bank, Dubai Islamic Bank, Emirates NBD Capital, HSBC, Noor Islamic Bank and Standard Chartered Bank are the bookrunners for the Regulation S deal.
The notes are expected to price on Thursday.
Emaar Properties is a developer based in Dubai.
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