New Issue: Investment Corp. of Dubai prices $1 billion notes due 2020, 2024

By Christine Van Dusen

Atlanta, May 14 - Investment Corp. of Dubai priced $1 billion of six- and 10-year notes on Wednesday, a syndicate source said.

The deal included $700 million notes due 2020 that priced at par to yield 3.508%, or mid-swaps plus 160 basis points.

The $300 million 4 5/8% notes due in 2024 priced at 99.313 to yield 4.712%, or mid-swaps plus 210 bps.

Citigroup, Dubai Islamic Bank, Emirates NBD, HSBC and Standard Chartered Bank were the bookrunners for the Regulation S deal.

Issuer:	Investment Corp. of Dubai
Amount:	$1 billion
Description:	Notes
Bookrunners:	Citigroup, Dubai Islamic Bank, Emirates NBD, HSBC, Standard Chartered Bank
Trade date:	May 14
Settlement date:	May 21
Distribution:	Regulation S
Notes due 2020
Amount:	$700 million
Maturity:	May 21, 2020
Coupon:	3.508%
Price:	Par
Yield:	3.508%
Spread:	Mid-swaps plus 160 bps
Notes due 2024
Amount:	$300 million
Maturity:	May 21, 2024
Coupon:	4 5/8%
Price:	99.313
Yield:	4.712%
Spread:	Mid-swaps plus 210 bps

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