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Reuters: Dubai Islamic Bank issues sukuks worth $500 million

Reuters: Dubai Islamic Bank issues sukuks worth $500 million

The document stated that the initial indicative price for the sukuk, worth $500 million, was set at 5.750 percent, with a pricing announcement expected later in the day.

The document also showed that Al Rajhi Bank andDubai Islamic Bank Emirates NBD Capital, First Abu Dhabi, HSBC, Sharjah Islamic Bank and Standard & Chartered are the banks involved in managing the offering and bookkeeping for the issue.



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