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.
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- India trims perks for U.S. staff in row over New York envoy arrest
- China confirms near miss with U.S. ship in South China Sea
- Mega Millions lottery winning tickets sold in California, Georgia |
- UPDATE 5-Mega Millions lottery winning tickets sold in California, Georgia -Officials