The roadshows will be staged in Bahrain, the UAE, Singapore, Malaysia, Hong Kong, Germany and the UK. The issue is expected to be worth about $200 million. Standard & Poor’s has assigned Tabreed with a BBB- long-term rating. It is the company’s second sukuk issue (MEED 5:3:04).

A presentation is due to be held for potential investors on 19 June for a dirham-denominated bond for Dubai-based carrier Emirates. The size of the issue is expected to be in the region of AED 1,800 million ($490 million) and will replace imminently maturing paper.