The Dubai property developer behind the world's tallest tower says it is meeting potential investors ahead of a possible bond sale.
Emaar Properties said in a brief regulatory filing Tuesday it has hired HSBC , Royal Bank of Scotland , and Standard Chartered to arrange meetings with fixed-income investors starting Friday. The Burj Khalifa builder plans to meet investors in Asia, Europe and the oil-rich Gulf Arab states. It didn't say how much it was looking to raise.
Like other Dubai property firms, Emaar is struggling to cope with the fallout from a severe real estate slump still plaguing the emirate.
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Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.
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