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Dubai’s Jebel Ali Free Zone picks banks for sukuk roadshow
Jebel Ali Free Zone has picked seven banks to arrange a series of investor meetings, with a possible Islamic bond, or sukuk, transaction to follow, lead managers said on Friday.
June 2, 2012 7:43 by Reuters
The firm, fully-owned by the Dubai government, mandated Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Citigroup, Dubai Islamic Bank, Emirates NBD, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows, a document from the banks said.
The investor meeting will begin on June 5 and take in Asia, theMiddle EastandEurope and a benchmark-sized sukuk will be issued subject to market conditions.
Benchmark-sized is understood to mean at least $500 million.