Good demand prompts DIB to launch sukuk
It seems that Dubai Islamic Bank has issued a $500 million (Dh1.8 billion), five-year sukuk sale after gaining good request.
Helping arrange the Regulation S transaction, after DIB met fixed-income investors in Asia, Middle East and Europe over the past few days, are: Deutsche Bank, DIB, Emirates NBD, HSBC and National Bank of Abu Dhabi.
Fitch Ratings assigned to DIB's $2.5 billion trust certificate issuance program a ‘A 'expected rating.
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