Emaar, Burgan Bank Raise $1.25 Billion as Gulf Bond Sales Soar

  • Emaar raises $750 million from first sukuk sale in two years
  • Burgan Bank’s $500 million bond carries 215 basis point spread

Emaar Properties PJSC, the developer of the world’s tallest skyscraper, and Kuwait’s Burgan Bank SAK raised $1.25 billion from bond sales on Wednesday as Gulf offerings head for a record year.

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