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Emirates NBD eyes 5-year Sukuk issue in December

Posted on 06 December 2011

Emirates NBD, the largest bank by assets in the U.A.E., may issue an Islamic bond, or sukuk, as early as next week, a senior official at the bank said Monday.
“We have not signed a mandate letter yet but are hoping to sign a mandate this week–we are in talks with banks now. As far as issuance, next week is a possibility,” Tony Bush, head of global funding at Emirates NBD told Zawya Dow Jones. He added that the sukuk would be used for general corporate purposes and have a five-year tenor………………………………………..Full Article: Source

 
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