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Investment Corp. of Dubai talks 10-year benchmark dollar sukuk at mid-swaps plus 290 bps area
By Christine Van Dusen
Atlanta, Jan. 25 – Investment Corp. of Dubai set talk in the mid-swaps plus 290 basis points area for a dollar-denominated offering of benchmark-sized Islamic bonds due in 10 years, a market source said.
Citigroup, Emirates NBD, HSBC, JPMorgan, National Bank of Abu Dhabi and Standard Chartered are the bookrunners for the deal.
ICD is a sovereign wealth fund.
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