Published on 6/30/2020 in the Prospect News Emerging Markets Daily.
New Issue: Dubai Islamic Bank unit sells $300 million trust certificates due 2026
By Marisa Wong
Los Angeles, June 30 – Dubai Islamic Bank PJSC subsidiary DIB Sukuk Ltd. sold $300 million of 2.95% trust certificates due 2026, according to a notice.
The series 8 certificates will be listed on Euronext Dublin.
The bank is based in Dubai, United Arab Emirates.
| Issuer: | DIB Sukuk Ltd.
|
| Issue: | Trust certificates, series 8 (add-on)
|
| Amount: | $300 million
|
| Maturity: | Jan. 16, 2026
|
| Bookrunners: | Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Islamic Corp. for the Development of the Private Sector, and Standard Chartered Bank
|
| Coupon: | 2.95%
|
| Price: | 100.609
|
| Announcement date: | June 30
|
| Listing: | Euronext Dublin
|
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