February 7, 2017 / 11:26 AM / 6 months ago

Dubai Islamic Bank sets final guidance at MS+ 175 bps area for five-year sukuk - leads

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DUBAI, Feb 7 (Reuters) - Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, has set final pricing guidance for its planned five-year sukuk issue in the area of 175 basis points over mid-swaps, acording to a document released by the banks arranging the sukuk.

Order books for the Islamic bond sale were in excess of $2.2 billion and are due to close at 1200 GMT.

Earlier on Tuesday Dubai Islamic Bank had provided initial pricing guidance in the area of 185 basis points over mid-swaps. (Reporting by Davide Barbuscia; Editing by Greg Mahlich)

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