DUBAI, April 10 (Reuters) - The Islamic Development Bank(IsDB) has hired banks to arrange a series of fixed incomeinvestor meetings in London on April 15 as it considers issuingfive-year sukuk, or Islamic bonds, a document issued by one ofthe banks showed.
The Jeddah-based triple A-rated institution has appointedCredit Agricole CIB
, Emirates NBD Capital
,Gulf International Bank, HSBC
and Standard Chartered
as joint lead managersand bookrunners.
A benchmark deal might follow the meetings, subject tomarket conditions, according to the document. Benchmark bondsare generally worth at least $500 million.
(Reporting by Davide Barbuscia; Editing by Kirsten Donovan) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; ReutersMessaging: firstname.lastname@example.org))