Dubai Islamic Bank sold $ 300 million in reopening a Sukuk issue that is due in 2026 to subscribe.
According to ArabiaNet, a document released yesterday showed that the bank set a margin of return at 240 basis points above the average fixed and variable interest swap rates to reopen the sukuk, down from Initial indicative price of about 250 basis points above the average fixed and floating interest swap rates.
and reopening a version using the same previous documents. The bank received purchase orders of about $ 600 million for the operation. Earlier this month, the bank sold $ 1 billion worth of sukuk due in January 2026. The issue is scheduled for settlement on June 30.
He arranged the reopening of the sukuk by Dubai Islamic Bank, Emirates NBD Capital, HSBC, Islamic Corporation for the Development of the Private Sector and Standard Chartered.
