It had selected Standard Chartered as sole global coordinator and Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Gulf Bank, Mashreq, National Bank of Abu Dhabi, Noor Bank, Standard Chartered and Union National Bank as joint lead managers and book runners, it said in a statement.

The banks will arrange fixed-income investor meetings in Asia, the Middle East and Europe starting on September 4.

A sukuk issue may follow under Emaar's $2 billion Trust Certificate Issuance Programme, subject to market conditions, it added.

Source; Salaamgateway