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Dubai Islamic Bank successfully closes lowest-ever pricing on an AT1 issuance from the GCC
Dubai Islamic Bank PJSC, rated A3 by Moody's and A by Fitch today successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 3.375% per annum. This transaction represents the lowest ever pricing achieved by a GCC bank (both conventional and…
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Source: Dubai Islamic Bank PJSC