Monday, 16 September 2019 04:25 GMT
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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.

REUTERS


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

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