Reuters logo
Dubai to issue 10-yr dollar sukuk Tuesday - leads
January 22, 2013 / 5:35 AM / in 5 years

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below