Majid Al Futtaim Properties prices $500mln 10-year sukuk
Majid Al Futtaim Properties (MAF) has priced its $500 million 10-year senior unsecured sukuk at a spread of US treasuries plus 95 basis points tightening from initial price thoughts of T+125bps as books exceeded $1.8 billion, including joint lead manager interest
A total of 22.2723% of the total issued shares has been offloaded to Emirates Power Investment, making Dubai Holding group the largest shareholder in the company, the Burj Khalifa developer confirmed on Monday.
