DSI mandates banks for dollar sukuk issue
DSI has mandated Emirates NBD Capital and HSBC as Joint Global Coordinators, and Al Hilal Bank, and Standard Chartered Bank as Joint Lead Managers
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Dubai: Contractor Drake & Scull International (DSI) said on Tuesday it has mandated banks for dollar sukuk issue and has arranged a series of meetings locally and globally from June 4.
DSI has mandated Emirates NBD Capital and HSBC as Joint Global Coordinators, and Al Hilal Bank, Emirates NBD Capital, HSBC and Standard Chartered Bank as Joint Lead Managers.
An unrated dollar regulation S Senior Perpetual Sukuk offering may follow subject to market conditions, the DSI said in a statement.
DSI reported Dh1.11 billion in revenues and Dh27.8 million in net profit in the first quarter of 2015.
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