Islamic Finance
Regulation, Risk & Compliance
Uncategorized
Dubai Islamic Bank successfully closes AT1 Perpetual Sukuk
Dubai Islamic Bank, rated A3 by Moody's (stable) and A by Fitch (stable), successfully closed a USD 750 million Additional Tier 1 (AT1) Perpetual Non-Call 6yrs Sukuk with a profit rate of 6.25% per annum, which is equivalent to 366.4bps over the implied 6-year US Treasury yield. The transaction, was…
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Source: Dubai Islamic Bank