Dubai Islamic Bank eyes dollar-denominated benchmark perpetuals

By Marisa Wong

Los Angeles, Nov. 12 – Dubai Islamic Bank PJSC plans to price a dollar-denominated benchmark offering of fixed-rate perpetual securities. DIB Tier 1 Sukuk (4) Ltd. will be the issuer.

The securities will be non-callable for six years.

Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Sharjah Islamic Bank and Standard Chartered Bank are the managers.

The bank is based in Dubai, United Arab Emirates.

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