Sharjah Islamic Bank plans benchmark dollar sukuk issue

August 24, 2016 9:56 AM

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DUBAI Aug 24 Sharjah Islamic Bank will begin investor meetings on Aug. 29 for a potential benchmark U.S. dollar-denominated sukuk issue, the lender said on Wednesday.

The meetings will be held in Asia and Europe, the bank said in a bourse statement, adding that the issue would be subject to market conditions. Benchmark usually means at least $500 million in size.

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