gulfnews : Emirates NBD poised for sukuk sale this month

Emirates NBD, the UAE's largest bank by assets, intends to sell an Islamic bond (sukuk) this month, said Rick Pudner, CEO of the bank yesterday.

Emirates Islamic Bank (EIB), the Islamic bank belonging to the group, is likely to launch a benchmark-sized issue.

"We are aiming for the launch of the issue sometime this month. We have not yet finalised the size of the issue. It will largely depend on the price," said Pudner.

* username: rupertbu