UPDATE 2-UAE’s NMC Health prepares dollar sukuk | Reuters:
United Arab Emirates’ healthcare provider NMC Health plans to issue U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Wednesday, confirming what sources told Reuters earlier.
London-listed NMC has hired HSBC and Standard Chartered Bank to coordinate a series of meetings with fixed income investors ahead of the planned deal, which will be a five-year benchmark bond.
Benchmark issues are generally meant to be worth upwards of $500 million.
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