Drake & Scull ....set for key bond issue.
Drake & Scull mulls $200m dollar sukuk
DUBAI, June 10, 2015
Dubai's Drake & Scull International has set initial price thoughts for its perpetual dollar sukuk not callable for five years in the nine per cent area, according to leads.
The deal size was expected in the area of $150 to $200 million, a document from lead arrangers said.
DSI said last week it had mandated Emirates NBD and HSBC as global joint coordinators for the issue, while HSBC and Standard Chartered Bank were joint lead managers.-Reuters