Dubai Islamic sets an indicative price for additional sukuk

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Reuters

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According to a document, Dubai Islamic Bank set today, Tuesday, the indicative rate at between 3.625 percent and 3.75 percent for additional first-level sukuk denominated in US dollars.

The document issued by one of the banks showed that the operation, which is expected to be closed later today, is being arranged by “Dubai Islamic Bank”, “Emirates NBD Capital”, “First Abu Dhabi Bank”, “HSBC” and “Standard Chartered”.

The instruments will be non-callable for six years. Dubai Islamic is the largest Islamic bank in the UAE.

Source: Reuters





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