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30/01/2018 18:54 AST
Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, has given initial price guidance for its planned U.S. dollar-denominated sukuk in the range of 130 basis points over mid-swaps, sources familiar with the matter said.
The potential five-year Islamic bond, part of the bank’s $5 billion sukuk programme, is expected to price on Tuesday.
Bank ABC, Dubai Islamic Bank, First Abu Dhabi Bank, HSBC, JP Morgan, KFH Capital, Sharjah Islamic Bank and Standard Chartered Bank have been hired as joint lead managers and bookrunners for the deal.
Sources told Reuters this month that the bank was expected to raise around $750 million through the debt sale.
Reuters
01/04/2018
Dubai Land Department (DLD) has signed an e-mortgage agreement with Dubai Islamic Bank (DIB), which was signed by His Excellency Juma Bin Humaidan, Deputy Director General of DLD, and His Excellency
Media Office Dubai
26/03/2018
Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank on Sunday launched MyHome, a new home finance product that is set to change the face of home finance in the UAE.
The bank said the n
Gulf News
21/02/2018
The Dubai Islamic Bank, DIB, rang the market-opening bell today to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai.
The Sukuk is the first benchmark dollar-denominated Sukuk fr
The Gulf Today
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
Ticker | Price | Change |
---|---|---|
FAB | 11.95 | 0.20 (1.70 |
NCB | 64.98 | 0.35 (0.54 |
RJHI | 76.03 | 0.78 (1.03 |
EMIRATESNBD | 10.65 | 0.05 (0.47 |
SAMBA | 26.98 | 0.59 (2.23 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News