Dubai to sell 15-yr benchmark sukuk on Tues - leads
DUBAI, April 22 (Reuters) - The government of Dubai plans to sell a benchmark-sized sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said.
Initial price thoughts on the Islamic bond have been set between 5 and 5.125 percent, the document said. Benchmark size is traditionally understood to mean at least $500 million.
The banks arranging the transaction are Dubai Islamic Bank , Emirates NBD, HSBC, National Bank (NYSE: NBHC - news) of Abu Dhabi and Standard Chartered (HKSE: 2888.HK - news) . (Reporting by David French; Editing by Mirna Sleiman)