Dubai Islamic sets the indicative price for additional dollar denominated sukuk


Dubai – Mubasher: A document stated that Dubai Islamic Bank, the largest Islamic bank in the UAE, listed on the Dubai Stock Exchange, set today, Tuesday, the indicative price at between 3.625% and 3.75% for additional Tier 1 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, according to Reuters.

The instruments will be non-callable for six years.

On April 5, Dubai Islamic Bank indicated that it intends Resorting to global debt markets by issuing additional dollar-denominated sukuk From the first level.


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