Emirates Airline reappears on Islamic radar, picks banks for sukuk

Emirates Airlines is looking to issue a Reg-S dollar denominated benchmark sukuk and has mandated banks for the sale. Roadshows will begin in Abu Dhabi and Dubai on Thursday, before heading to Switzerland on Friday and London on Monday.

  • 07 Mar 2013

Emirates has picked Citi and Standard Chartered as joint global co-ordinators and lead managers, while Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank and Emirates NBD Capital will be joint lead managers.

Emirates has been busy in the debt market already this year. In January ...

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All Corporate Bonds

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4 Citi 4,705.13 36 5.36%
5 BNP Paribas 4,535.94 23 5.17%

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5 ING 1,477.05 5 6.53%

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1 Citi 1,520.60 13 8.56%
2 Wells Fargo Securities 1,464.08 13 8.24%
3 Bank of America Merrill Lynch 1,439.21 14 8.10%
4 JPMorgan 1,316.62 12 7.41%
5 Morgan Stanley 1,261.20 10 7.10%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 2,459.18 9 10.09%
2 UniCredit 1,892.23 6 7.76%
3 Bank of America Merrill Lynch 1,585.30 5 6.50%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.47%
5 ING 1,477.05 5 6.06%