close

policy

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

Do you trust your insurer ?

Strongly agree
Agree
Disagree
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
Gender
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 MAF to price $500 million 7-year bond Wednesday

dubaimall380

Bond to price at 5.25 pct; Demand seen high; orderbooks around $2 bln; Second debt issue this year from MAF

0

June 27, 2012 6:36 by



Dubai-based mall developer Majid Al Futtaim (MAF) Holding plans to price a $500 million 7-year bond on Wednesday, arranging banks said.

The bond will price at 5.25, at the tighter end of the range indicated earlier in the day, signalling strong demand for the paper.

Orderbooks, which closed at 1030 GMT, were believed to be about $2 billion, lead arrangers said in a separate update.

JP Morgan, National Bank of Abu Dhabi, Standard Chartered, UBS and Barclays are bookrunners on the deal.

A year after it called off its maiden conventional bond issue in the international market, MAF is counting on stronger global demand for Gulf debt, and better investor sentiment towards Dubai in particular, to get a successful deal away.

(Reporting by Rachna Uppal; Editing by David French)



0

Tags: , , ,

Leave a Comment