February 28, 2017 / 9:40 AM / 7 months ago

Books for Majid Al Futtaim's dollar bond top $1 bln -leads

DUBAI, Feb 28 (Reuters) - Order books for a perpetual international bond by United Arab Emirates conglomerate Majid Al Futtaim were in excess of $1 billion as the bond was being marketed on Tuesday, a document issued by the banks leading the transaction showed.

Initial price thoughts for the capital-boosting, non-callable 5.5-year bond were in the high 5 percent region. The benchmark-sized bond is expected to price later on Tuesday.

Reporting by Davide Barbuscia; editing by Jason Neely

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