Emirates Islamic lines up green sukuk issuance: Emirates Islamic has appointed Emirates NBD Capital and Standard Chartered Bank as joint global coordinators for its inaugural sustainability-linked USD-denominated sukuk, according to a document seen by Reuters.

What we know: The issuance is expected to be “benchmark sized” with a minimum valued at USD 500 mn, and will fall under Emirates Islamic’s USD 2.5 bn certificate issuance program. Investor calls kicked off yesterday.

The lender also tapped our friends at First Abu Dhabi Bank, as well as Abu Dhabi Islamic Bank, Dubai Islamic Bank, and The Islamic Corporation For The Development of the Private Sector to act as joint lead managers and joint bookrunners for the transaction.

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