Investors clamour for Dubai Investment Park $300m sukuk | The National:
"Dubai Investment Park’s US$300 million Islamic bond was more than 12 times oversubscribed yesterday in a closely watched test of sukuk investor demand in the emirate.
Investors placed US$4 billion in orders for the sukuk.
That comes amid a recent spike in demand by cash-rich regional banks seeking higher yields as concerns about emerging markets begin to wane.
DIP, a subsidiary of Dubai Investments, the biggest listed firm of its kind on the emirate’s stock exchange, sold the five-year sukuk at a profit rate of 4.3 per cent, marking the first Islamic issue out of Dubai this year."
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