Emirates Strategic Investments Company mulls debut dollar Sukuk issuance

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The company, which has a portfolio of assets across different sectors in the UAE has hired Standard and First Abu Dhabi Bank as coordinators for the planned five-year Sukuk issuance.

Tuesday 16, July 2019

Sheikh Mansour bin Zayed al-Nahyan’s Emirates Strategic Investments Company has hired banks to arrange investor meetings ahead of a debut US dollar-denominated Sukuk issuance, reported Reuters.

Rated Baa3 by Moody's, Emirates Strategic Investments Company has also mandated Dubai Islamic Bank and National Bank of Bahrain as joint lead managers along with Bank ABC, Emirates NBD Capital and Warba Bank.

Investor meetings will start on 17 July in Singapore, Hong Kong as well as the UAE and London.

TAGS : Sheikh Mansour bin Zayed al-Nahyan, Emirates Strategic Investments Company, Sukuk

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