Leading UAE developer Emaar Properties said on Tuesday that it has appointed a group of local and international banks to market a 10-year dollar sukuk, which is part of its $2-billion trust certificate issuance programme.

Standard Chartered bank has been named the sole global co-ordinator for the deal while Dubai Islamic Bank will be its Sharia advisor, stated Emaar in its filing to the Dubai Financial Market.

Leading international players including Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq Bank and Sharjah Islamic Bank have been signed up as joint lead managers and bookrunners to arrange fixed income investor meetings in Singapore, Hong Kong and London starting from September 6, it added.-TradeArabia News Service