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Investment Corp. of Dubai sets final talk for dollar six-year sukuk, 10-year conventional bonds
By Christine Van Dusen
Atlanta, May 14 - Investment Corp. of Dubai set final 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 of mid-swaps plus 155 basis points to 165 bps. The bookrunners are Citigroup, Dubai Islamic Bank, Emirates NBD, HSBC and Standard Chartered Bank.
The 10-year conventional bonds were talked at a spread of mid-swaps plus 200 bps to 210 bps. 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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