Ras Al Khaimah to hit the road

Ras Al Khaimah to hit the road

Published: September 30, 2013

Emirate to meet fixed-income investors in Middle East, Europe and Asia ahead of possible sukuk.

The government of Ras Al Khaimah, one of the United Arab Emirates, is launching an international investor roadshow ahead of a possible sukuk issuance.

Representatives of the emirate’s Investment & Development Office will meet fixed-income investors in the Middle East, Europe and Asia from October 2. Al Hilal Bank, Citi, Mashreqbank, National Bank of Abu Dhabi and Standard Chartered Bank will arrange the meetings, with Citi acting as global coordinator.

An issuance would be part of the government’s US$2bn sukuk programme.

Ras Al Khaimah is rated A by Standard & Poor’s and Fitch.