In what would be its second bond sale this year, Emirates has mandated banks to arrange a potential dollar-denominated, benchmark bond [or sukuk] sale subject to market conditions, according to lead arrangers Citibank and Standard Chartered Bank.
Confirming the same, Emirates said in a statement to Gulf News yesterday: “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,” adding that a USD Regulation S Sukuk benchmark offering may follow subject to market conditions………………………………………..Full Article: Source