Dubai’s flagship carrier Emirates Airline has authorized banks to arrange a dollar-denominated Sukuk sale this year. This would be the airline’s second bond sale in 2013.
A statement by the airline, issued to the Gulf News, reads that “Emirates has mandated Citigroup and Standard Chartered Bank as Joint Global Coordinators and Joint Lead Managers, together with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank and Emirates NBD Capital as Joint Lead Managers, to arrange a series of fixed income investor meetings in the UAE and Europe commencing on March 7”………………………………………..Full Article: Source