Dubai Islamic Bank priced a five-year, $500 million Islamic bond, or sukuk, on Tuesday, the first time the bank has tapped debt capital markets since 2007.
The deal priced at par with a profit rate of 4.752 percent at a spread of 365 basis points over midswaps, arranging banks said.
The spread was 10 basis points tighter than initial price guidance released the previous day, indicating good demand for the issue.
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