We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Tue 3 May 2016 03:50 PM

Font Size

- Aa +

Qatar's Ezdan mandates banks for planned $2bn sukuk

Developer, which was founded by members of the ruling al-Thani family, last month received shareholder approval

Qatar's Ezdan mandates banks for planned $2bn sukuk
(AFP/Getty Images)

Qatar's Ezdan Holding has mandated HSBC and Dubai-based Mashreq as joint global coordinators for its planned $2 billion sukuk programme, the property developer said on Tuesday.

Barwa Bank, Emirates NBD Capital, HSBC and Mashreq will be joint lead managers and book runners for the issue, Ezdan said in a bourse statement.

The banks will arrange a series of fixed income investor meetings in Asia, the United Arab Emirates and Britain starting on Thursday, it said.

Any issue will be subject to market conditions, Ezdan added.

The developer, which was founded by members of the ruling al-Thani family, last month received shareholder approval to raise $2 billion through sukuk issuance.

Digital magazine: Read the latest edition of Arabian Business online

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.