Market Chatter: Citigroup, JPMorgan Chase, HSBC Among Banks Hired for Benin Sukuk Sale

MT Newswires Live01-14

Citigroup (C), JPMorgan Chase (JPM), HSBC (HSBC), Emirates NBD Capital and Arqaam Capital have been hired to arrange the potential sale of a dollar-denominated Sukuk bond and other debt securities for Benin, Bloomberg reported Tuesday.

The banks are set to begin virtual and in-person investor meetings in London from Tuesday, according to the report.

Benin is considering a seven-year Sukuk alongside plans to sell dollar bonds maturing in 2038 and 2041 depending on market conditions, the report said, citing a person familiar with the transaction.

The companies didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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