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

Good demand prompts DIB to launch sukuk

Posted on 23 May 2012

Dubai Islamic Bank has launched a $500 million (Dh1.8 billion), five-year sukuk sale after receiving good demand, a banker aware of the transaction said. The launch spread of 365 basis points over mid swaps is tighter than the initial guidance, the banker, who declined to be identified, told Zawya Dow Jones.
Deutsche Bank, DIB, Emirates NBD, HSBC and National Bank of Abu Dhabi are helping arrange the Regulation S transaction, after DIB met fixed-income investors in Asia, Middle East and Europe over the past few days. Fitch Ratings last week said it has assigned DIB’s $2.5 billion trust certificate issuance program a ‘A ‘expected rating………………………………………..Full Article: Source

 
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