06.12.2011 - Emirates NBD eyes 5-year Sukuk issue in December
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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