June 23, 2020 / 6:46 AM / in 10 days

Dubai Islamic Bank starts marketing 2026 sukuk reopening - document

DUBAI, June 23 (Reuters) - Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, has begun marketing a tap issue of its existing sukuk maturing in 2026, a document showed on Tuesday.

The bank gave price guidance of around 250 bps over midswaps for the reopening of the sukuk issued earlier this month. Under a bond tap, an existing transaction is reopened for subscription, using the same documentation as before. (Reporting by Yousef Saba, editing by Louise Heavens)

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