Dubai Aviation to meet investors ahead of potential sukuk

Dubai: Dubai Aviation Corp (flydubai) has chosen banks to arrange meetings with investors starting Thursday ahead of a potential issue of benchmark dollar sukuk, a document from lead managers said on Tuesday.

The firm, also called flydubai, has picked Crédit Agricole, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered as arrangers, it showed.

The firm will hold roadshows in Asia, the Middle East and Europe, with a Reg S only dollar benchmark sukuk to follow, subject to market conditions.