09.04.2013 - Sharjah Islamic Bank sets guidance for 5-yr sukuk
Sharjah Islamic Bank, a lender part-owned by the UAE emirate of Sharjah, is expected to price a benchmark-sized five-year sukuk on Tuesday, a document from lead managers said on Monday. Initial price guidance for the dollar-denominated issue has been set in the low 3 percent area, the document added. Sharjah Islamic, which converted into an Islamic bank in 2002, chose Abu Dhabi-based Al Hilal Bank, HSBC Holdings, Kuwait's Liquidity Management House and Standard Chartered Plc to arrange investor meetings ahead of the potential sukuk sale...............................................Full Article: Source
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