Emirates Strategic Investments hires banks for 5-year sukuk - document

American Strategic Investment Co

31/01/2024 05:38

Jan 31 (Reuters) - Emirates Strategic Investments
Company has hired banks to arrange investor meetings for a
5-year Islamic bond, or sukuk, an arranging bank document said
on Wednesday.
    The firm has picked Emirates NBD Capital, First Abu Dhabi
Bank and Standard Chartered Bank as joint global coordinators.
    Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD
Capital, First Abu Dhabi Bank, Mashreq, Standard Chartered Bank
and Warba Bank are acting as joint lead managers and joint
bookrunners, the document added.
    The investor meetings are scheduled to take place on Jan. 31
and will be followed by a sale of benchmark-sized
dollar-denominated 5-year senior sukuk under ESIC Sukuk’s $2
billion trust certificate issuance programme, the document said.
    

 (Reporting by Mohammad Edrees; Editing by Kim Coghill)
 ((Mohammad.Edrees@thomsonreuters.com;))