Sharjah Islamic Bank hires HSBC, StanChart for benchmark dollar sukuk -sources | ZAWYA MENA Edition

Sharjah Islamic Bank hires HSBC, StanChart for benchmark dollar sukuk -sources | ZAWYA MENA Edition:

"Sharjah Islamic Bank has mandated HSBC and Standard Chartered to coordinate the potential sale of dollar-denominated sukuk, sources familiar with the matter said. The Islamic bonds will be of benchmark size, which normally means upwards of $500 million, and are expected to have a five-year tenor. The notes will be issued over the next few weeks, and the sale could be announced as soon as this week, depending on market conditions."



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