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Dubai Islamic Bank sells $750mln in debut Sustainable Sukuk

Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The sukuk, which mature in five years, were sold at 155 basis points (bps) over U.S. Treasuries, tightened from initial guidance of around 175 bps over after demand topped $1.6 billion, the document showed. Bank ABC, Dubai Islamic Bank, Emirates NBD Capital , First Abu Dhabi Bank, KFH Capital, HSBC, Sharjah Islamic Bank and Standard Chartered are arranging the debt sale.

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/dubai-islamic-bank-sells-750mln-in-debut-sustainable-sukuk-iox30281

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