Page 469 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

Dubai-based developer Binghatti to debut US

Dollar bond offering

Investor meetings are scheduled to start from February 20 and

will be followed by a benchmark-sized US dollar-denominated
unsecured Sukuk offering

BY GULF BUSINESS WITH REUTERS
FEBRUARY 21, 2024

Image credit: Binghatti

UAE-based real estate developer Binghatti Holding has hired banks to arrange investor
meetings for its planned 3-year debut US Dollar bond or sukuk, an arranging bank’s
document showed on Tuesday.

The property developer has picked Dubai Islamic Bank, Emirates NBD Capital and
HSBC as joint global coordinators and joint book-runners for the debt transaction,
according to a report by Reuters.

https://gulfbusiness.com/dubai-developer-binghatti-debut-us-dollar-bond-sukuk/