AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.98 Increased By ▲ 1.45 (1.12%)
BOP 6.79 Increased By ▲ 0.11 (1.65%)
CNERGY 4.61 Decreased By ▼ -0.02 (-0.43%)
DCL 8.97 Increased By ▲ 0.03 (0.34%)
DFML 43.00 Increased By ▲ 1.31 (3.14%)
DGKC 84.15 Increased By ▲ 0.38 (0.45%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 78.20 Increased By ▲ 2.73 (3.62%)
FFL 11.92 Increased By ▲ 0.45 (3.92%)
HUBC 110.80 Increased By ▲ 0.25 (0.23%)
HUMNL 14.56 No Change ▼ 0.00 (0%)
KEL 5.64 Increased By ▲ 0.25 (4.64%)
KOSM 8.25 Decreased By ▼ -0.15 (-1.79%)
MLCF 39.83 Increased By ▲ 0.04 (0.1%)
NBP 60.90 Increased By ▲ 0.61 (1.01%)
OGDC 200.11 Increased By ▲ 0.45 (0.23%)
PAEL 26.53 Decreased By ▼ -0.12 (-0.45%)
PIBTL 7.80 Increased By ▲ 0.14 (1.83%)
PPL 160.50 Increased By ▲ 2.58 (1.63%)
PRL 26.70 Decreased By ▼ -0.03 (-0.11%)
PTC 18.65 Increased By ▲ 0.19 (1.03%)
SEARL 83.00 Increased By ▲ 0.56 (0.68%)
TELE 8.22 Decreased By ▼ -0.09 (-1.08%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 9.08 Increased By ▲ 0.02 (0.22%)
TREET 17.00 Decreased By ▼ -0.47 (-2.69%)
TRG 60.12 Decreased By ▼ -1.20 (-1.96%)
UNITY 27.80 Increased By ▲ 0.37 (1.35%)
WTL 1.43 Increased By ▲ 0.05 (3.62%)
BR100 10,570 Increased By 163.2 (1.57%)
BR30 31,952 Increased By 238.6 (0.75%)
KSE100 98,681 Increased By 1352.7 (1.39%)
KSE30 30,727 Increased By 534.7 (1.77%)

DUBAI: Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed.

The sukuk, which mature in five years, were sold at 155 basis points (bps) over U.S. Treasuries, tightened from initial guidance of around 175 bps over after demand topped $1.6 billion, the document showed.

Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, KFH Capital, HSBC, Sharjah Islamic Bank and Standard Chartered are arranging the debt sale.

Major Gulf bourses fall in early trade as oil retreats

The deal comes as issuers in the Gulf - where international bond sales have plummeted this year amid enduring volatility and rising rates - pounce on windows of opportunity to issue debt in choppy markets.

Dubai’s Mashreq raised $500 million in Tier 2 bonds last Thursday, on the heels of a $700 million bond sale by Banque Saudi Fransi a day before.

Comments

Comments are closed.

Yousuf Ibnul Hasan Nov 22, 2022 08:55pm
Islamic Finance do not participate in Bond due to debt base. Financing system offer Sukuk which differ to bonds. How come the issuers ignorent to difference between Bonds and Sukuk?
thumb_up Recommended (0)