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Dubai Islamic Bank Successfully Closes Landmark USD 750 Million Sukuk
Dubai Islamic Bank PJSC rated A3 by Moody's and A by Fitch (both stable), successfully closed a USD 750 million 5-year Sukuk with a profit rate of 2.950% per annum, which is equivalent to 140bps over the 5-year Mid Swap Rate. The transaction is DIB’s second foray into the international…
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Source: Dubai Islamic Bank