Al Baraka sets meeting to plan USD sukuk issue

Al Baraka sets meeting to plan USD sukuk issue
Photo Credit: Arabianeye-Reuters
Al Baraka Banking BARKA -1.19% 0.41 -0.01

Mubasher: Al Baraka Banking Group will hold a meeting with a consortium of banks to arrange the issue of US dollar-denominated sukuk, according to a bourse statement issued on Tuesday.

Al Baraka has mandated Standard Chartered Bank as the global coordinator, while Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, KFH Capital, Noor Bank, QInvest, and Standard Chartered Bank will be joint lead managers and bookrunners to arrange income investor meetings in Asia, the Middle East, and Europe starting 18 May 2017, according to a bourse statement issued on Tuesday.

Related topics
Source: Mubasher

Comments