Bloomberg News

Emirates Islamic Bank Said to Hire Banks for Possible Bond Sale

January 03, 2012

Jan. 3 (Bloomberg) -- Emirates Islamic Bank, a unit of Emirates NBD PJSC, hired six banks to manage the possible sale of a benchmark bond, a banker familiar with the transaction said.

The bank selected HSBC Holdings Plc, Standard Chartered Plc, Citigroup Inc., Royal Bank of Scotland Group Plc, Emirates NBD Capital and National Bank of Abu Dhabi to manage the sale, said the person, who declined to be identified because the details aren’t public. Investor meetings will start Jan. 5 in Kuala Lumpur and will include presentations in Singapore, the United Arab Emirates and London, the banker said.

To contact the reporter on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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