DUBAI, June 12 (Reuters) - Dubai government-owned Jebel Ali
Free Zone plans to launch and issue a $650 million seven-year
Islamic bond or sukuk this week, and books are now open,
arranging banks said on Tuesday.
Profit rate guidance for the sukuk is indicated at between 7
and 7.25 percent.
Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank
, National Bank of Abu Dhabi, Citi,
Dubai Islamic Bank, Emirates NBD, Samba
Financial Group and Standard Chartered are
bookrunners on the deal.
(Reporting by Rachna Uppal; Editing by David French)