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

Dubai Emirates Islamic picks banks for benchmark USD bond

Posted on 04 July 2012

Dubai’s Emirates Islamic Bank, a unit of Emirates NBD, has picked banks for a potential benchmark-sized dollar sukuk, or Islamic bond, lead arrangers said on Tuesday. The lender mandated Emirates NBD Capital, Credit Agricole , Dubai Islamic Bank, HSBC and Standard Chartered.
The initial price guidance for the issue was at a spread of 330 basis points over midswaps, maturing in 2018. Emirates NBD will underwrite it………………………………………..Full Article: Source

 
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