Last Updated January 04, 2012
Emirates Islamic Bank prepares sukuk
Bank to hold investor meetings this week ahead of dollar issuance.
Emirates Islamic Bank (EIB) could issue sukuk in the coming weeks, subject to market conditions.
The bank, a subsidiary of Dubai-based Emirates NBD, will start a series of investor meetings on January 5 in the Middle East, Asia and Europe.
The meetings have been arranged by Citi, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi, the Royal Bank of Scotland and Standard Chartered.
If the bank issues dollar-denominated sukuk following the meetings it will be under its Trust Certificate Programme, which is guaranteed by ENBD.
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