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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Finance more

Tamweel prices $300mln Islamic bond

Posted on 16 January 2012

Tamweel, the Dubai-based sharia-compliant mortgage lender, has priced a $300 million five-year Islamic bond, or sukuk, a document from lead managers said.
The paper, which is fully guaranteed by majority shareholder Dubai Islamic Bank, priced at par with a profit rate of 5.154 per cent and carried a spread of 400 basis points over midswaps, the document said………………………………………..Full Article: Source

 
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