Majid Al-Futtaim prices USD400m PNC8 hybrid14 Mar 2018
USD400m, coupon 6.375%, perpetual issue (callable from 20 March 2026). Reoffer 100.00, yield 6.375%. Subordinated issue. Issuer MAF Global Securities Limited. Guarantors Majid al Futtaim Holding LLC (rated BBB/BBB) and Majid Al Futtaim Properties LLC, irrevocably guaranteed on a joint and several basis.