Dubai’s Emaar said to hire banks for 10-year dollar sukuk deal

Emaar Properties, Dubai’s largest developer, has hired banks to arrange investor meetings ahead of the issuance of 10-year dollar sukuk, Reuters reported, citing a document issued by one of the banks.

Emaar will meet investors in Asia and London starting on Sept 6, it said.

Standard Chartered was hired to coordinate the deal. Other banks leading the transaction are Dubai Islamic Bank, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq Bank and Sharjah Islamic Bank, the document showed.