Emirates NBD Chief Executive Officer Rick Pudner says the bank is ‘looking at opportunities’ but that no decision has yet been made on a possible Sukuk.
“We’re obviously like everyone else looking at opportunities in the Sukuk arena and reviewing our options,” said Pudner, adding that, “We haven’t mandated any banks yet,” and that any issuance had not yet been quantified as regards size and timing. However, he did suggest the bank would prefer to issue a bond with a five-year tenor. “We are looking at five-year but the size we are not sure. We will determine that over the next week or two weeks.”……………………………………….Full Article: Source