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Prospect News home > News index > List of issuers M > Headlines for Majid Al-Futtaim Properties LLC > News item
Published on 5/22/2023 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Majid Al Futtaim plans dollar-denominated green trust certificates

By Marisa Wong

Los Angeles, May 22 – MAF Sukuk Ltd. plans to issue new dollar-denominated green trust certificates guaranteed by Majid Al Futtaim Holding LLC and Majid Al Futtaim Properties LLC, according to a notice.

The new offering will be $500 million and the size is marked as “will not grow.”

MAF Global Securities Ltd. is conducting a tender offer for its 4¾% notes due 2024 guaranteed by Majid Al Futtaim Holding and Majid Al Futtaim Properties. The tender offer is conditioned on the issuance of the new trust certificates.

Holders participating in the tender offer may be given priority in allocation of the new trust certificates.

HSBC Bank plc is listed as a bookrunner.

Majid Al Futtaim is a Dubai-based conglomerate.


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