DIB $500m sukuk trades up after book covered four times

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DIB $500m sukuk trades up after book covered four times

Issue: Daily News - 23 May 2012

Dubai Islamic Bank’s newly issued $500m five year sukuk has met with a strong secondary market reception, trading up as much as half a point above par since it was priced on Tuesday afternoon. DIB priced the dollar Reg S benchmark sukuk at 365bp over mid-swaps, 10bp inside initial guidance. ..

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