By Reshmi Basu
New York, June 6 - Dubai Sukuk Centre Ltd. sold a $1.25 billion offering of five-year Islamic bonds ( A1/A+) at 99.803 with a coupon of Libor plus 37.5 basis points, according to a market source.
Deutsche Bank and Goldman Sachs were lead managers for the Regulation S transaction
The issuer is a special-purpose vehicle. The deal will be guaranteed by DIFC Investments LLC, the investment arm of the Dubai International Financial Centre (DIFC), a state-owned investment agency.
Earlier in May, DIFC bought a 2.2% stake in Deutsche Bank AG.
Issuer: Dubai Sukuk Centre Ltd.
Guarantor: DIFC Investments LLC
Amount: $1.25 billion
Issue: Floating-rate Islamic bonds
Maturity: June 13, 2012
Coupon: Libor plus 37.5 bps
Issue price: 99.803
Lead managers: Deutsche Bank, Goldman Sachs
Pricing date: June 6
| Settlement date: | June 13
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| Ratings: | Moody's: A1
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| Standard & Poor's: A+
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