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UAE mall developer MAF picks banks for possible second bond issue

Dubai-based mall developer, Majid Al Futtaim Holding (MAF) has selected lenders to arrange investor meetings ahead of a potential second bond issue this year, Reuters has reported. JP Morgan Chase, National Bank of Abu Dhabi , Barclays, Standard Chartered and UBS AG have been mandated to arrange roadshows. MAF is to meet investors in Singapore and London starting June 26, following which the company may issue a dollar-denominated bond, subject to market conditions.