Published: January 15, 2015
UAE-based bank tightens profit rate on US$1bn tier 1 issuance.
Dubai Islamic Bank (DIB) has priced its US$1bn tier 1 dollar-denominated perpetual sukuk. The issuance priced with a profit rate of 6.75%, tightened from earlier guidance of 7%.
HSBC and Standard Chartered are joint structuring banks, joined as lead managers by Al Hilal Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi, Noor Bank, Sharjah Islamic Bank and DIB itself.