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