Sharjah Islamic Bank plans benchmark five-year sukuk in dollars

By Rebecca Melvin

New York, April 5 – Sharjah Islamic Bank plans to price a five-year, dollar-denominated benchmark sukuk, or Islamic bond, according to a market source on Thursday.

HSBC and Standard Chartered Bank are global coordinators and also joint lead managers and bookrunners together with Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank and Noor Bank.

Meetings will be held in Asia and the United Kingdom starting on Thursday.

The lender is headquartered in the emirate of Sharjah in the United Arab Emirates.

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