Emirates Islamic Bank hires banks for 5-year dollar sukuk - document

It hired Emirates NBD Capital, HSBC, The Islamic Corporation for the Development of the Private Sector, and Standard Chartered to arrange investor calls

  
A man walks past an Emirates Islamic Bank branch in Bank street in Dubai, October 18, 2011.

A man walks past an Emirates Islamic Bank branch in Bank street in Dubai, October 18, 2011.

REUTERS/Jumana El Heloueh

DUBAI  - 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.

(Reporting by Yousef Saba; Editing by Tom Hogue) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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