DUBAI, June 11 (Reuters) - Pricing guidance for a ten-year sukuk issue by Emaar Malls Group, a unit of Dubai's Emaar Properties
The size of the issue will be $750 million, the document showed.
On Tuesday Emaar Malls, which also plans an initial public offer of shares in coming months, set initial price thoughts for the sukuk at midswaps plus 200 bps, which was tightened later that day to 190 bps over.
The issuer has attracted orders so far of $5.5 billion, including orders from lead managers. The deal is expected to price later in the day.
Bookrunners for the sukuk issue are Dubai Islamic Bank
(Reporting by Archana Narayanan; Editing by Andrew Torchia)
((archana.narayanan@thomsonreuters.com)(+971 445 36240)(Reuters Messaging: archana.narayanan.thomsonreuters.com@reuters.net))
Keywords: EMAAR MALLS SUKUK/GUIDANCE