Dubai-listed Tabreed markets 7-year bonds: Document

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DUBAI, – Dubai-listed National Central Cooling Company (Tabreed) began marketing U.S. dollar-denominated seven-year bonds on Wednesday, a document showed.

Tabreed gave initial price guidance of around 250 basis points over mid-swaps, according to the document issued by one of the banks arranging the deal, which is expected to close later on Wednesday.

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