FGB eyes benchmark sukuk

Abu Dhabi's First Gulf Bank (FGB) has chosen four banks for a five-year benchmark-sized Islamic bond: Citi, HSBC, National Bank of Abu Dhabi and Standard Chartered.
The timeframe for sukuk hasn't been decided yet.
Emirates Islamic Bank, is anticipated to print the first debt deal out of the Gulf, having launched price talk for a five-year, benchmark-sized sukuk.