DUBAI: Dubai Islamic Bank (DIB) is expected to price a dollar-denominated sukuk of benchmark size as soon as Tuesday after releasing initial price
thoughts for the offering, a document from lead arrangers showed.
Pricing for the five-year sukuk has been earmarked to be in the area of 245 basis points over midswaps, according to the document.
Benchmark size is usually understood to mean in excess of $500 million.
DIB chose seven banks to arrange meetings with fixed income investors in London on Monday, ahead of the possible sukuk issue, it was announced last week.
REUTERS
