Emirates NBD's Islamic unit eyes 5-year benchmark sukuk

Emirates Islamic Bank has agreed upon an initial price whisper in the area of 350 basis points over midswaps for its five-year sukuk.
The potential sharia-compliant transaction is being launched by Emirates Islamic Bank but is backed by its parent company ENBD.
Lead managers on the EIB deal are the following banks: National Bank of Abu Dhabi, HSBC, Standard Chartered, Citi, RBS and ENBD Capital.