EIB sukuk meetings mark strong start for Islamic finance
The sukuk primary market has entered 2012 in a buoyant mood, with Dubai-based Emirates Islamic Bank beginning a series of fixed income investor meetings in Malaysia on Thursday as it looks to issue a benchmark deal. The Emirates NBD subsidiary was set to continue with meetings in Singapore, Abu Dhabi and London through to January 10.
Emirates has asked Citi, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi, Royal Bank of Scotland and Standard Chartered to arrange the meetings. A Reg S dollar denominated transaction could follow soon afterwards, subject to market conditions.
Fitch has assigned the senior unsecured trust certificates, which will be
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