Sun, Nov 24, 2024 | Jumada al-Awwal 22, 1446 | DXB ktweather icon0°C

Dubai Islamic Bank to sell dollar sustainable sukuk

Top Stories

Dubai Islamic Bank has hired banks to arrange an issuance of US dollar-denominated sustainable sukuk, or Islamic bonds, a bank document showed on Thursday.

Published: Thu 2 Feb 2023, 7:18 PM

  • By
  • Reuters

Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Capital, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank and the Islamic Corporation for the Development of the Private Sector will arrange investor meetings in Singapore on Monday and in London on Wednesday, the document said.

A benchmark size issuance of fixed-rate long five-year sukuk under DIB’s $7.5 billion issuance programme will follow, subject to market conditions. — Reuters



Next Story