Dubai – Mubasher: Dubai Islamic Bank (DIB) has mandated a number of banks for a possible sukuk issuance, according to a bourse statement.
The bank appointed Bank ABC, DIB, Emirates NBD Capital, HSBC, KFH Capital, Maybank Investment Bank Berhad, National Bank of Abu Dhabi (NBAD), Sharjah Islamic Bank and Standard Chartered Bank as joint lead managers and book runners to arrange fixed income investor meetings in London on 6 February 2017.
A five-year benchmark sukuk offering, which is expected to exceed $500 million, might follow.
The issue will be under DIB's $5 billion trust certificate issuance programme.
