Islamic Finance

Dubai Islamic Bank starts to market 2026 sukuk reopening – document

DUBAI: The United Arab Emirates’ largest Islamic lender Dubai Islamic Bank has begun marketing a tap issue of its existing sukuk maturing in 2026, the media reported.

In its post on Tuesday, Reuters quoted a document saying the bank gave price guidance of around 250 bps over midswaps for the reopening of the sukuk issued earlier this month.

Under a bond tap, it added, an existing transaction is reopened for subscription, using the same documentation as before.

RANAO STAR PHILIPPINES

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.