PHOTO
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) ((Davide.Barbuscia@thomsonreuters.com;))
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) ((Davide.Barbuscia@thomsonreuters.com;))
