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Prospect News home > News index > List of issuers N > Headlines for Noor Islamic Bank > News item
Published on 4/21/2015 in the Prospect News Emerging Markets Daily.

Noor Bank launches $500 million five-year sukuk at 130 bps spread

By Christine Van Dusen

Atlanta, April 21 – Dubai’s Noor Bank PJSC launched a $500 million offering of five-year notes (expected rating: //A-) at mid-swaps plus 130 basis points, a market source said.

Standard Chartered Bank, Al Hilal Bank, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, Qinvest, Sharjah Islamic Bank and Standard Chartered Bank are the bookrunners for the Regulation S deal.


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