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