Home News The initial pricing of Majid Al Futtaim’s green bonds ranged from 8.125% to 8.25%

The initial pricing of Majid Al Futtaim’s green bonds ranged from 8.125% to 8.25%

by Dubai Forum
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The initial pricing of Majid Al Futtaim’s evergreen bonds was between 8.125% and 8.25%, which are non-callable bonds with a maturity of more than 5 years, and the final pricing for the bonds is expected to be issued later today, Thursday.

The issue comes with the purpose of refinancing Majid Al Futtaim’s existing perpetual bonds amounting to $ 500 million.

HSBC and CITI, in collaboration with Standard Chartered, act as global coordinators for the issue, together with the leading managers, namely Abu Dhabi Commercial Bank, Emirates NBD Capital and First Abu Dhabi Bank.

DF

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