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

Dubai’s DIB eyes 5-yr sukuk

Posted on 22 May 2012

Dubai Islamic Bank has released initial price guidance for a new 5-year benchmark-sized Islamic bond, or sukuk, arranging banks said on Monday.
Indicative pricing for the sukuk was given at 375 basis points over midswaps. The borrower wraps up roadshows in London on Monday, and execution of the deal is expected on Tuesday, arrangers said. Benchmark is usually understood to mean at least $500 million………………………………………..Full Article: Source

 
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