DUBAI, March 24 (Reuters) - Emirates
The transaction is now earmarked to price at 95 basis points
over midswaps, plus or minus 5 bps, the document said on
Tuesday. This is inside the guidance of the 100 bps area over
the same benchmark issued on Monday.
Investors have so far committed orders worth around $1.9 billion for the sukuk, the first time the British export credit agency has guaranteed an Islamic bond.
Citigroup, HSBC, JP Morgan and National Bank of Abu Dhabi are the joint structuring agents, with Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD and Standard Chartered also acting as joint lead managers.
(Reporting by Archana Narayanan; Writing by David French; Editing by Andrew Torchia) ((email@example.com; +971 4 362 5864; Reuters Messaging: firstname.lastname@example.org))
Keywords: EMIRATES SUKUK/