Doha – Mubasher: Ezdan Holding Group mandated a number of global and UAE banks to arrange a sukuk issue, according to a bourse statement.

The company chose HSBC and Mashreq Bank as joint global coordinators, and Dubai Islamic Bank (DIB), Emirates NBD Capital, HSBC, Mashreq Bank, Natixis and Standard Chartered Bank as joint lead managers and bookrunners to arrange a series of fixed income investor meetings in Asia, the UAE, and the UK as of 23 March 2017.

This may be followed by benchmark USD regulation S senior unsecured sukuk offering under Ezdan Sukuk Company Limited’s $2 billion Trust Certificate Issuance Programme, subject to market conditions.