Dubai's Majid Al Futtaim talks dollar notes due 2017 at 5.9%-5.95%

By Christine Van Dusen

Atlanta, Jan. 30 - MAF Sukuk Ltd. - a unit of Dubai-based developer Majid Al-Futtaim Holding - set price talk at 5.9% to 5.95% for its planned issue of benchmark-sized dollar-denominated notes due February 2017 (/BBB/BBB), a market source said.

Abu Dhabi Islamic Bank, Dubai Islamic Bank, HSBC and Standard Chartered are the bookrunners for the Regulation S deal.

Pricing is expected to take place on Tuesday.

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