Middle East Economic Survey
Dubai Issues $750Mn Islamic Bond For Airport Expansion
Dubai on 10 October launched a $750mn Islamic bond issue to partially finance the planned $4.1bn expansion of the emirates airport. Dubai Islamic Bank, HSBC, Kuwait Finance House, Gulf International Bank and Standard Chartered are joint lead managers for the Ijara Sukuk bonds, with Dubai Islamic Bank and HSBC also operating as joint bookrunners. The bonds will be...