Tuesday 3 January 2012

Emirates Islamic Eyes Benchmark Sukuk, Parent To Back Bond – Kippreport.com

Emirates Islamic Bank, a unit of Emirates NBD (ENBD), has picked six banks for a potential benchmark-sized dollar sukuk, or Islamic bond, a source familiar with the matter said on Tuesday.

The lender selected National Bank of Abu Dhabi, HSBC, Standard Chartered, Citi, RBS and ENBD Capital.

Any eventual bond issue will be fully guaranteed by Emirates NBD, lead arrangers said in a mandate announcement seen by Reuters.

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