Wednesday 17, October 2018 by Kudakwashe

Tabreed hires banks for dollar Sukuk

 

Tabreed plans to issue benchmark-sized Sukuk with a seven-year maturity.

Dubai-based National Central Cooling Company (Tabreed) has hired banks to arrange fixed income meetings ahead of a planned sale of US dollar-denominated Islamic bonds, reported Reuters.

The company has hired Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, JPMorgan and Mashreq Bank as joint lead managers to arrange meetings in Europe, Asia and the Middle East starting on 19 October.

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