Dubai to issue 10-yr dollar sukuk Tuesday - leads
DUBAI Jan 22 (Reuters) - The Government of Dubai has picked five banks to arrange a benchmark-sized, dollar-denominated Islamic bond, or sukuk, which could price as early as Tuesday, a document from lead banks said.
Initial pricing on the sukuk was indicated in the low 4 percent area, the document said. Benchmark-sized offerings are traditionally worth at least $500 million.
The emirate mandated Dubai Islamic Bank, Emirates NBD, HSBC Holdings, National Bank of Abu Dhabi and Standard Chartered to arrange the deal.
- Police seek motive in fatal Washington state school shooting
- Wall St. finally turning on Amazon as Bezos magic fades
- Two deputies killed, two others hurt in California shooting spree
- Easter Island's ancient inhabitants weren't so lonely after all
- Two killed, four wounded in Washington state school shooting