UPDATE 1-DP World hires Citi, StanChart for new 10-year Islamic bond - Reuters:
Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Monday.
DP World, majority owned by the Dubai government, mandated Citi, Dubai Islamic Bank and Standard Chartered to arrange the meetings to be held in Hong Kong, Singapore and London, starting on Wednesday July 10.
The three banks, together with Barclays, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank , and HSBC have been mandated as joint lead managers and joint bookrunners for the sukuk offering.
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