We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

UAE’s Emaar to meet bond investors from Jan. 21

HSBC, RBS and StanChart named to arrange meetings.


January 18, 2011 4:37 by

Emaar Properties , builder of the world’s tallest building in Dubai, appointed banks to arrange fixed income meetings ahead of a possible bond issue, the developer said on Tuesday.

HSBC , RBS  and Standard Chartered have been picked to arrange the meetings which start on Jan. 21 and will take place in Asia, the Gulf region and Europe, Emaar said in a statement posted on the bourse website. “A transaction may follow subject to market conditions,” the statement said.

The property market in the United Arab Emirates suffered in the wake of the global financial crisis as developers overstretched themselves in the pursuit of ambitious projects.

The sector’s woes are still far from over and last week Abu Dhabi-controlled Aldar Properties  announced a $5.2 billion government support package.

Dubai’s ruler has a 31 percent stake in Emaar which built the Burj Khalifa. The company issued a five-year $500 million convertible bond last year with coupon of 7.5 percent to refinance short term liabilities.

A banker at one of the arranging banks said the property firm was eyeing an Islamic bond, or sukuk, issue, following the meetings, IFR, a Thomson Reuters unit, reported.

(Reporting by Praveen Menon and Rachna Uppal; Editing by David Holmes)


Tags: , , , , ,

Leave a Comment