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Dubai Islamic Bank successfully closes lowest-ever pricing on an AT1 issuance from the GCC


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United Arab Emirates , Dubai Islamic Bank , Perpetual Non Call , Additional Tier , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் இஸ்லாமிய வங்கி , நிரந்தர அல்லாத அழைப்பு ,

Dubai Islamic closes lowest-ever pricing on AT1 issuance


Dubai Islamic closes lowest-ever pricing on AT1 issuance
DUBAI, 2 days
ago
Dubai Islamic Bank has successfully priced a landmark $500 million Perpetual Non-Call 5.5 years Additional Tier 1 Sukuk with a profit rate of 3.375 per cent annually. 
 
This transaction represents the lowest ever pricing achieved by a GCC bank (both conventional and Islamic) on an Additional Tier 1 instrument and the lowest ever on a USD AT1 Sukuk globally.  
 
Despite the volatility witnessed in credit markets during the past month on account of US Treasury rates, achieving this landmark success in the current scenario is testament to the bank’s strong credit profile and standing with international and regional investors.  ....

United Arab Emirates , Dubai Islamic Bank , Abu Dhabi , Abuz Aby , Standard Chartered Bank , Adnan Chilwan , First Abu Dhabi Bank , Islamic Bank , Perpetual Non Call , Additional Tier , Euronext Dublin , Joint Lead Managers , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் இஸ்லாமிய வங்கி , தரநிலை பட்டய வங்கி , இஸ்லாமிய வங்கி , நிரந்தர அல்லாத அழைப்பு , கூட்டு வழி நடத்து மேலாளர்கள் ,