Emirates Islamic Bank markets 5-year dollar sukuk -document

by FaceDXB

DUBAI: Emirates Islamic Bank began marketing U.S. dollar-denominated five-year sukuk on Wednesday, a document from one of the banks arranging the deal showed.

It gave initial price guidance of around 170 basis points over mid-swaps for the sukuk, the document showed. The benchmark size deal, which generally means at least $500 million, is expected to close later on Wednesday.

(Reporting by Yousef Saba; Editing by Clarence Fernandez) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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