IslamicFinance.de

Emirates Islamic Bank (EIB) has successfully ended the issuance of $500 million sukuk certificates, maturing in 2017 off their $1,000 million Trust Certificate Issuance Programme. The programme is guaranteed by Emirates NBD rated A3 by Moody's and A+ by Fitch.
Joint lead managers and bookrunners on the transactionwere following banks: Citigroup, Emirates NBD Capital, HSBC Bank Plc, National Bank of Abu Dhabi, Royal Bank of Scotland Plc and Standard Chartered Bank. The transaction structure was a Sukuk Al Musharaka based on Sharikat Al Melk (Co-ownership), with the certificates remaining a senior obligation of EIB.