IslamicFinance.de

Dubai's Emaar Properties is set to raise $500 million from the sale of sukuk. The transaction has received orders of nearly $2.5 billion, including $300 million of interest from the banks arranging the deal. The deal is part of a $2 billion debt programme and is offering investors a profit rate equivalent to 235 basis points over mid-swaps.
Standard Chartered acts as coordinator. Other banks leading the transaction are Dubai Islamic Bank, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreqbank and Sharjah Islamic Bank.