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NMC Health prepares dollar Sukuk

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The company’s representatives will start meeting investors on 11 November 2018.

Thursday 08, November 2018 BY KUDAKWASHE MUZORIWA

UAE’s NMC Health has announced plans to issue US dollar-denominated Sukuk.

The London-listed healthcare provider has hired HSBC and Standard Chartered Bank to coordinate a series of meetings with fixed income investors ahead of the planned deal, which will be a five-year benchmark bond.

The two banks have also been hired as joint lead managers together with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank as well as Bank ABC, Barclays and Dubai Islamic Bank, 

Also, Emirates NBD Capital, First Abu Dhabi Bank and Noor Bank have been hired as joint lead managers.

NMC was included in the FTSE 100 index last year, earlier this year it raised a $2 billion loan which was provided by a consortium of banks including Citi, JPMorgan and Standard Chartered, reported Reuters.

TAGS : NMC Health , LSE, Sukuk, FTSE 100 index, Benchmark

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