Drake & Scull eyes dollar sukuk issue
DUBAI, June 2, 2015
Dubai's Drake & Scull has mandated five banks to arrange a series of fixed income investor meetings starting on Thursday for a potential issue of perpetual US dollar sukuk, it said on Tuesday.
Emirates NBD and HSBC have been mandated as global joint coordinators, while HSBC and Standard Chartered Bank are joint lead managers, DSI said in a statement.
An unrated Regulation S senior perpetual sukuk issue may follow the meetings, subject to market conditions, it added without specifying the possible size of the issue.-Reuters