Sharjah Islamic Bank has hired a group of banks to arrange a global investor call ahead of a potential issuance of five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Monday.
The bank hired Standard Chartered, Bank ABC, Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, the Islamic Corporation for the Development of the Private Sector, KFH Capital and Mashreqbank to arrange the call.
The size was likely $500 million, but this could be more if demand is strong, one of the sources said.
Sharjah Islamic Bank, which had $500 million sukuk which matured in March, did not immediately respond to a request for comment from Reuters.
Source Reuters