May 20 (Reuters) - Emirates Islamic Bank, Islamic arm of Dubai's biggest lender Emirates NBD, has hired banks for its first sustainability Islamic bonds, or sukuk, sale, according to a bank document seen by Reuters on Monday.
The Islamic lender has picked Emirates NBD Capital and Standard Chartered Bank as joint global coordinators, while Abu Dhabi Islamic Bank, Dubai Islamic Bank, First Abu Dhabi Bank And The Islamic Corporation For The Development Of The Private Sector will be working as joint lead managers and joint bookrunners for the debt sale transaction, the document said.
The investor calls are scheduled to take place starting from May 20 and will be followed by a benchmark sized U.S. dollar denominated sustainability senior sukuk under its $2.5 billion certificate issuance programme, the document added.
Standard Chartered (STAN)