DUBAI, March 28 Qatari real estate developer and
operator Ezdan Holding has set initial price guidance
for a five-year U.S. dollar-denominated sukuk issue in the 5.125
percent area, a document issued by one of the lead banks showed
The wakala-structured, senior unsecured and Regulation S
registered sukuk issue is expected to price on Wednesday.
HSBC and Mashreq bank are the global coordinators, joined by
Dubai Islamic Bank, Emirates NBD, Natixis and Standard Chartered
The issue is expected to obtain a Ba1 rating from Moody's
and BBB- from Standard & Poor's, the document showed.
(Reporting by Davide Barbuscia; Editing by Andrew Torchia)