Dubai – Mubasher: Majid Al Futtaim Holding has chosen banks for the potential sale of benchmark-sized dollar bonds, Bloomberg reported.
The selected lenders includes HSBC Holdings, Standard Chartered and National Bank of Abu Dhabi (NBAD) to arrange the perpetual bond sale, the news agency quoted people familiar with the matter.
The bonds may be issued sale in the first half of this year, but the company will decide upon market conditions.
The perpetual debt will be treated as equity, thus allowing firms to raise capital outside stock markets.
