Dubai – Mubasher: Investment Corporation of Dubai (ICD), the main investment arm of the Dubai government, plans to tap its 4.625% bonds maturing in 2024, according to a document issued on Tuesday by one of the banks that led the deal.

The document revealed that the initial price guidance is in the 4.15% area, adding that the same documentation should be used when the existing transaction is reopened for subscription.

ICD is a governmental sovereign wealth fund (SWF) with estimated assets of $183 billion, according to Sovereign Wealth Fund Institute.