Bahrain's Ahli United Bank hires banks for dollar senior sukuk - document

HSBC and JPMorgan were hired as joint global coordinators

  
U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021.

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021.

REUTERS/Dado Ruvic/Illustration

DUBAI- Bahrain-headquartered Ahli United Bank has hired banks to arrange the sale of U.S. dollar-denominated five-year senior sukuk, or Islamic bonds, a bank document showed on Tuesday.

HSBC and JPMorgan were hired as joint global coordinators, joined by Bank ABC, Dubai Islamic Bank, Kamco Invest, KFH Capital, Kuwait International Bank and Mashreq as joint lead managers, the document from one of the banks, reviewed by Reuters, said.

They will hold investor calls from Tuesday, to be followed by a transaction, subject to market conditions, of benchmark size, which typically means at least $500 million.

(Reporting by Yousef Saba, Editing by Louise Heavens) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))