Dubai Islamic Bank on Wednesday managed to pricing $ 1 billion instruments for a five-year maturity and a rate of 1.9590% annually.
According to Arab Net, the bank said in a statement, the deal carries the lowest price achieved by Dubai Islamic Bank at all from the versions of previous instruments.
The IPO exceeded three times the value of the instruments, with the volume of IPO was $ 3 billion, reflecting the great confidence placed by global investors in the UAE and Dubai Islamic Bank in particular.
According to Dubai Islamic statement, although the market has seen intensive versions of instruments last week, but the success of Dubai Islamic Bank in completion of this prominent deal is the best proof of the powerful credit for the Bank and the great position in international and regional investors Whether.
He pointed out that the deal was priced during the day following the completion of talks with investors, attended by a number of local, regional and international investors.
"Despite the frequent options and overcrowded the new versions, Dubai Islamic Bank has succeeded in issuing a $ 1 billion sukuk,
This year, we have issued standaring standing instruments for additional capital from the first and excellent budgets at all levels at all, which is the best proof of global markets in the basis of the bank, as well as investors' confidence in the economy of Dubai and the UAE in general. / p>
The instruments issued under the Limited Dubai Islamic Bank Sukuk Sukuk Program and included in the Euronext Dublin and Nazdak Dubai.
Dubai Islamic Bank, Dubai Islamic Bank, Dubai National Bank, National Bank of Abu Dhabi, Bank of Abu Dhabi, Bank of HSBC, Bank Capital, Standard Chartered Bank and the Islamic Private Sector Development Organization (KFC) and the Islamic Private Sector Development Foundation, to work as director of subscribers and registration managers participated in these instruments .
