Dubai – Mubasher: Emirates authorised eight banks including HSBC Holdings, Standard Chartered, Citigroup, BNP Paribas, and Emirates NBD to manage about $1 billion sukuk sale, informed sources told Bloomberg.

The sukuk sale is planned to be carried out during the coming few weeks, the sources revealed, as Bloomberg reported.

“Emirates always seeks diverse sources of funding, including bank finance, operating leases, Islamic financing, sukuk and bonds," Emirates said in a statement.

“We are continually engaged in discussions with various financial institutions. We will not offer comment unless a deal is formally announced as per financial market regulations,” the UAE-based carrier concluded.