Sharjah Islamic Bank is set to issue a benchmark-sized USD-denominated five-year senior sukuk after hiring banks to advise on the issuance, Reuters reports citing a document it saw. The sukuk will be issued under the lender’s USD 3 bn trust certificate issuance program. Investor meetings and investor calls started yesterday.

ADVISORS- Our friends at Mashreq alongside Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Bank ABC, Dubai Islamic Bank, First Abu Dhabi Bank, and QNB Capital are acting as joint lead managers and bookrunners. Standard Chartered Bank, Emirates NBD Capital and HSBC are acting as joint global coordinators.

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