Emaar Names Banks For Bond Meetings

Emaar Properties has appointed several banks to arrange meetings with potential fixed-income investors before a planned bond sale.

Emaar Properties has appointed several banks to arrange meetings with potential fixed-income investors before a planned bond sale, Bloomberg reports. HSBC Holdings, Royal Bank of Scotland and Standard Chartered will arrange the meetings in Asia, the Gulf Arab countries and Europe. The meetings are expected to start from Jan. 21, 2011. The real estate developer, controlled by the Dubai government, is seeking a bond sale to raise capital for refinancing about $816.7 million in debt.

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