DUBAI, June 10 The malls unit of Dubai's Emaar
Properties tightened the pricing guidance for its
10-year sukuk to 190 basis points over midswaps, a document from
lead managers said on Tuesday.
The firm, which owns Dubai Mall, one of the world's biggest
shopping centres, had set initial pricing thoughts in the area
of 200 bps over midswaps earlier in the day. It expects to close
the books on Wednesday.
Emaar Malls said the deal would remain benchmark size, which
is traditionally understood to mean in excess of $500 million.
Two Abu Dhabi-based banks - Al Hilal Bank and Abu Dhabi
Islamic Bank - were earlier added to the list of eight
existing bookrunners for the deal.
The other bookrunners are Dubai Islamic Bank,
Emirates NBD, Mashreq, Morgan Stanley
, First Gulf Bank, National Bank of Abu Dhabi
, Noor Bank and Standard Chartered.
(Reporting by David French and Archana Narayanan; Editing by