Dubai Islamic Bank (DIB) has mandated five banks for an Islamic bond, or sukuk, due to be issued at the end of May, three sources familiar with the matter told Reuters on Tuesday.
The lender has picked HSBC, National Bank of Abu Dhabi, Emirates NBD, Deutsche Bank and itself for the deal, the sources said, requesting anonymity.
One of the sources added the sukuk was likely to be a benchmark-sized, five-year issue. Benchmark usually means at least $500 million.
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