Ezdan Holding gives pricing thoughts for 5-year sukuk
May 10 2016 08:48 PM
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The Ezdan Holding pavilion at the Cityscape Qatar 2016, held on April 26–28 at the Doha Exhibition and Convention Centre. Qatar’s Ezdan Holding has released initial price thoughts for a sukuk issue of five years duration, a lead manager said yesterday, Reuters reported. Pricing for the transaction is earmarked for the low-to-mid-300s basis point area over midswaps. Barwa Bank, Emirates NBD Capital, HSBC and Mashreq are arranging the US dollar issue, according to a May 3 bourse statement. There was no indication of the size of the issue. Ezdan is Qatar’s leading realty  developer and investment firm. The developer last month received shareholder approval to raise $2bn through sukuk issuance. PICTURE: Najeer Feroke



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