Ezdan Holding mandates banks for planned $2bn sukuk
May 03 2016 09:21 PM

The Ezdan Holding Group pavilion at the Cityscape Qatar 2016, held on April 26–28 at the Doha Exhibition and Convention Centre. Qatar’s Ezdan Holding has mandated HSBC and Dubai-based Mashreq as joint global coordinators for its planned $2bn sukuk programme, the property developer said yesterday. 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 UAE and Britain starting tomorrow, it said. Any issue will be subject to market conditions, Ezdan added. The developer last month received shareholder approval to raise $2bn through sukuk issuance. PICTURE: Najeer Feroke

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