Launch Partners

Saturday, May 25, 2024

Launch Partners

Dubai Islamic Bank attracts over US$1.6 billion in demand for debut US$750 million sustainable Sukuk, according to Reuters

UAE: Dubai Islamic Bank (DIB) has issued a US$750 million sustainable Sukuk facility, its first sustainable paper. The initial price guidance for the five-year offering was tightened from around 175bps to 155bps over US treasuries, after demand exceeded US$1.6 billion, according to Reuters.

DIB Group CEO Dr Adnan Chilwan previously told ISFI that the bank has been planning to issue green and sustainable Sukuk under its Sustainable Finance Framework.

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