Emirates Islamic Bank hires banks for 5-year dollar sukuk - document | ZAWYA MENA Edition

Emirates Islamic Bank hires banks for 5-year dollar sukuk - document | ZAWYA MENA Edition:

Emirates Islamic Bank has hired banks to arrange the issuance of U.S. dollar-denominated five-year sukuk, or Islamic bonds, a document showed on Tuesday.

It hired Emirates NBD Capital, HSBC, The Islamic Corporation for the Development of the Private Sector, and Standard Chartered to arrange investor calls that started on Monday ahead of a benchmark issuance, subject to market conditions, according to the document from one of the banks arranging the deal.