UAE's Ras Al Khaimah picks banks for potential sukuk issue -leads


DUBAI, Sept 30 (Reuters) - The emirate of Ras al Khaimah,one of the seven members of the United Arab Emirates, has pickedfive banks to arrange a series of meetings with fixed incomeinvestors ahead of a possible Islamic bond issue, lead managerssaid on Monday.

RAK, through its Investment and Development Office, willhold roadshows beginning on Wednesday, with a U.S.dollar-denominated sukuk issue following subject to marketconditions, the document from leads said.

Abu Dhabi-based Al Hilal Bank, Citigroup, Dubai'sMashreq, National Bank of Abu Dhabi andStandard Chartered have been chosen to arrange themeetings, which will take place in Singapore, Kuala Lumpur, theUAE and London.

View Comments (0)