The Government of Dubai, acting through the Department of Finance, on Wednesday, opened the first issue of the year in the Mena capital markets with a dual-tranche landmark transaction, which has successfully raised $1.25 billion across a 10-year sukuk and a first ever 30-year conventional issue.
The aggregate order book was over twelve times oversubscribed demonstrating tremendous investor appetite. The well-planned and swift intra-day execution took advantage of the positive market environment which led to a quick build of a large and high-quality order book for a 10-year sukuk………………………………………..Full Article: Source