Dubai – Mubasher: Dubai Islamic Bank (DIB) has sold long five-year US dollar Sukuk at a total value of $1 billion to close an offering that was postponed from earlier this year, due to the unstable financial market, according to Reuters.
Due on 16 January 2026, the Islamic bond offering was oversubscribed as it received $4.5 billion in subscriptions.
On Tuesday, 9 June, the Sukuk was sold at 245 basis points (bps) over midswaps, which is lower than its initial price guidance by 35 bps.
It is noteworthy to mention that in February DIB hired a number of banks to raise around $750 million by selling five-year Sukuk.
