Wednesday 24, January 2018 by Jessica Combes

Emirates selects banks to arrange $1 billion Sukuk


Dubai-based airline Emirates has mandated eight banks including HSBC Holdings Plc and Standard Chartered Plc to manage a sale of Islamic bonds, according to media reports.

Sources, who requested anonymity owing to the privacy of the information, said the Dubai Government-owned carrier also picked Citigroup Inc., BNP Paribas SA, Emirates NBD PJSC, Dubai Islamic Bank PJSC, Abu Dhabi Islamic Bank PJSC and Noor Bank PJSC, ng not to be identified because the information is private, according to a report by Bloomberg.  The issue is scheduled for the next few weeks and is expected to raise about $1 billion.



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