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Majid al Futtaim sets bond price guidance, size at $500 mln -leads
February 28, 2017 / 11:45 AM / 9 months ago

Majid al Futtaim sets bond price guidance, size at $500 mln -leads

DUBAI, Feb 28 (Reuters) - Majid Al Futtaim, a United Arab Emirates conglomerate, on Tuesday set final price guidance on a planned international bond at 5.625 percent and will price within a range of 12.5 basis points above or below that figure, a document issued by the banks leading the transaction showed.

Order books for the bond topped $1.6 billion but the size of the perpetual non-callable 5.5-year bond was capped at $500 million. The bond is expected to price later on Tuesday. (Reporting by Davide Barbuscia; editing by Jason Neely)

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