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Emirates names banks for Islamic bond sale
- United Arab Emirates: Thursday, March 07 - 2013 at 06:50
Dubai-based Emirates Airline is set to start meetings with investors tomorrow for a possible sale of Islamic bonds, Bloomberg has reported, citing to three people familiar with the matter. The world's biggest airline by international traffic hired Citigroup Inc., Standard Chartered, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank (DIB) and Emirates NBD Capital to arrange the meetings, said the people. Last January, the airline raised $750m from the sale of 12-year bonds.
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