Emirates Islamic Bank launches 5-year sukuk at 220bps over midswap
Emirates Islamic Bank has launched a USD750mn in sukuk with a five-year duration. The pricing for the instrument has been set at 220bps over midswaps after attracting orders from investors worth more than USD2.2bn. The pricing is tighter than the 225bps over the same benchmark indicated earlier and well inside the initial guidance of 240bps. (Reuters)
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