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Dubai Holding Commercial sells 250m Swiss franc bonds
Bloomberg Published in The Saudi Gazette on 16 - 06 - 2008

Dubai Holding Commercial Operations Group LLC, started marketing 250 million Swiss francs ($238 million) of fixed-rate bonds in its first sale in the European currency.
Dubai Holding Commercial hired BNP Paribas SA to help it sell the three-year 5.25 percent notes priced to yield 1.5 percentage points more than the benchmark mid-swap rate, data compiled by Bloomberg show.
Dubai Holding Commercial is a unit of Shaikh Mohammad bin Rashid Al Maktoum's Dubai Holding LLC and owns companies including developer Tatweer Dubai LLC, hotel operator Jumeirah Group LLC and communications unit Tecom Investments LLC.
On May 1 it said full-year profit jumped 82 percent to $3.78 billion on surging land and property sales.
Dubai Holding Commercial has $3.14 billion of bonds outstanding, including $272 million maturing this year, data compiled by Bloomberg show.

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