Islamic Finance
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Dubai Islamic Bank raises $1bn from oversubscribed AT1 sukuk
Dubai Islamic Bank (DIB) has successfully raised $1 billion through the issuance of a perpetual additional Tier 1 (AT1) sukuk featuring a non-call six-year structure and a profit rate of 6.250%. The transaction was priced at par, with the final yield set at 6.625%, representing a modest tightening from the…
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