Dubai Islamic Bank (DIB) has issued a five-year sukuk of USD1bn at a rate of midswap + 170bps. A year ago in March, DIB's issued a USD500mn five-year sukuk, which offered a 3.6% profit rate. (Bloomberg, Reuters) Dubai Islamic Bank: AED6.22 as of 7 Feb. 2017, Rating: Neutral, TP: AED5.60/share, MCap: USD8,376mn, DIB UH/DISB.DU
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