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DIB to issue five-year USD-denominated Sukuk

DIB to issue five-year USD-denominated Sukuk
Dubai Islamic Bank
DIB
DIB
0.79% 5.08 0.04

Dubai – Mubasher: Dubai Islamic Bank (DIB) has reportedly hired seven banks to manage a US-dollar-denominated five-year Sukuk offering, Reuters reported.

The size of the offering is expected to be no less than $500 million.

Alongside DIB, Arab Banking Corporation (Bank ABC), First Abu Dhabi Bank (FAB), Emirates NBD Capital, KFH Capital, HSBC, Standard Chartered, and the Islamic Corporation for the Development of the Private Sector (ICD) are expected to arrange fixed income investor calls on Monday.