Luxembourg prepares ground for debut euro-denominated sukuk

Dubai: Luxembourg plans to meet fixed income investors ahead of a potential debut issue of a five-year Euro-denominated sukuk, a document from lead arrangers said on Tuesday.

The sovereign, rated Aaa/AAA/AAA by international rating agencies, has picked HSBC, BNP Paribas, Banque Internationale à Luxembourg and Qatar-based QInvest to arrange the investor meetings.

The roadshow programme starts on Sunday and will take in the Middle East, Asia and London, with a possible sukuk issue to follow subject to market conditions, the document showed.