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Investment Corp. of Dubai sets talk for dollar six-year sukuk, 10-year conventional bond
By Christine Van Dusen
Atlanta, May 13 - Investment Corp. of Dubai set talk for a two-tranche offering of dollar-denominated notes due in six and 10 years, a market source said.
The six-year Islamic bonds were talked at a spread in the mid-swaps plus 175 basis points area. The bookrunners are Citigroup, Dubai Islamic Bank, Emirates NBD, HSBC and Standard Chartered Bank.
The 10-year conventional bonds were talked at a spread in the mid-swaps plus low-200 bps area. Citigroup, Emirates NBD, HSBC and Standard Chartered Bank are the bookrunners.
ICD Sukuk Co. will be the issuer for the Regulation S deal.
Pricing is expected to take place as soon as Wednesday.
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