Dubai prices $1.25 bln Islamic bond at par - Yahoo! News UK

The government of Dubai priced a $1.25 billion two-tranche Islamic bond, or sukuk, on Wednesday, at par.
A $600 million 5-year tranche was priced at 4.90 percent and a 10-year portion was priced at 6.45 percent, in line with launch guidance released earlier that day.
On a spread basis, the five-year deal priced at 403.1 basis points over 5-year U.S. Treasuries (UST), and the ten-year at 445.7 basis points over 10-year UST.

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