Dubai Islamic Bank selects banks for sukuk

06 January 2015

Dubai Islamic Bank sukuk roadshow to start on 8 January

Dubai Islamic Bank (DIB) has selected regional and international banks to arrange a series of investor meetings ahead of a possible US dollar sukuk issuance.

Selected banks are the UK’s HSBC and Standard Chartered, and UAE lenders Al-Hilal Bank, Dubai Islamic Bank, Emirates NBD Capital, National Bank of Abu Dhabi, Noor Bank and Sharjah Islamic Bank

All the banks are joint lead managers, while HSBC and Standard Chartered are also acting as joint structuring banks.

The investor roadshow will start on 8 January and take place in destinations in Asia, Europe and the Middle East.

DIB has been expanding its presence internationally over the past year, securing a stake in an Indonesian bank in 2014.

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