Emaar Properties inks terms of $500m trust certificates issue

Dubai – Mubasher: Emaar Properties has signed the final terms of issuing $500 million trust certificates.

These certificates carry an annual return of 3.875% and will be matured in 2029, according to a disclosure to the Dubai Financial Market (DFM) on Tuesday.

Emaar Properties clarified that this disclosure comes with reference to the announcement on 3 September that covered the arrangement of “fixed income investors meeting in Singapore, Hong Kong, and London on 6 September regarding the possible offering of a USD Regulation S senior unsecured sukuk with a 10-year tenor offering under the company’s $2 billion Trust Certificate Issuance Programme.”

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