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.