#Dubai Islamic Bank gives initial guidance for 5-yr dollar sukuk - document | Reuters

Dubai Islamic Bank gives initial guidance for 5-yr dollar sukuk - document | Reuters

Dubai Islamic Bank (DISB.DU), the United Arab Emirates' largest Islamic lender, gave initial price guidance of around 135 basis points over mid-swaps for five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Tuesday.

Bank ABC, Dubai Islamic Bank (DISB.DU), Emirates NBD Capital (ENBD.DU), First Abu Dhabi Bank (FAB.AD), HSBC (HSBA.L), KFH Capital (KFH.KW), Standard Chartered (STAN.L) and the Islamic Corporation for the Development of the Private Sector are arranging the deal, which is expected to close later on Tuesday, the document from one of the banks showed.