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Dubai’s new Islamic bond price guidance at 375bps

Posted on 29 October 2009

From Business24-7.ae: The price guidance on Dubai’s new five-year Islamic bond issues was set at 375 basis points over benchmarks and attracted bids totalling about $6.6 billion, a banker involved in the deal said on Wednesday.

The dollar tranche of the Islamic bond received around $5 billion, while the UAE dirham tranche attracted about Dh6 billion ($1.63 billion)………………………Full Article: Source

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