Dubai Aerospace Enterprise hires banks for dollar sukuk


Dubai Aerospace Enterprise (DAE), one of the world's biggest aircraft leasing companies, has hired banks to arrange investor calls ahead of a planned issuance of U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Monday.

DAE, owned by sovereign wealth fund Investment Corporation of Dubai, hired Bank ABC, Commercial Bank of Dubai, Credit Agricole, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, GIB, Goldman Sachs, HSBC, JPMorgan, Mizuho, Natixis and Truist Securities.

An issuance of 5-1/4-year senior unsecured sukuk will follow, subject to market conditions, the document from one of the banks on the deal said.

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