Saturday, 03 June 2023 09:06 GMT

Dubai Islamic Bank gives guidance for sukuk pricing on Tues: Leads

(MENAFN- The Peninsula)

DUBAI: Dubai Islamic Bank(DIB) is expected to price a dollar-denominated sukuk ofbenchmark size as soon as Tuesday after releasing initial price

thoughts for the offering a document from lead arrangersshowed.

Pricing for the five-year sukuk has been earmarked to be inthe area of 245 basis points over midswaps according to thedocument.

Benchmark size is usually understood to mean in excess of$500 million.

DIB chose seven banks to arrange meetings with fixed incomeinvestors in London on Monday ahead of the possible sukukissue it was announced last week.


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