| Investment Corporation of Dubai (ICD), the state-owned fund which holds stakes in some of the emirate’s top companies, has given initial pricing guidance for its debut debt capital markets transaction, lead arrangers said on Tuesday.
The fund has earmarked to issue an Islamic bond with a six-year lifespan at a price in the area of 175 basis points over midswaps and a conventional bond offering of 10 years duration in the area between 200 and low-200s over the same benchmark, a document from arranging banks said...............................................Full Article: Source
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