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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Dubai’s ICD Tightens Price Guidance Ahead Of $1bn Debut Bond

Posted on 16 May 2014

Investment Corporation of Dubai (ICD), the state-owned fund which holds stakes in some of the emirate’s top companies, has tightened price guidance ahead of its debut bond and sukuk issue later on Wednesday, a document from lead arrangers said.
Revised guidance earmarks the sukuk with a six year lifespan to price in the range of 155-165 basis points over midswaps, while the conventional bond offering of 10 years duration is due to come in the range of 200-210 bps over the same benchmark, the document said………………………………………..Full Article: Source


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