DUBAI- Emirates REIT , a Dubai-based sharia-compliant real estate investment trust, has set final price guidance for its debut U.S. dollar sukuk at 5.25 percent, with the notes expected to price within a range of 12.5 basis points above or below that level, a document by one of the banks leading the deal showed on Tuesday.
Initial price guidance, released on Tuesday, was in the low-to-mid 5 percent.
Order books for the Islamic bond, expected to be larger than $350 million, have gone up to around $850 million, the document showed. The sukuk will price on Tuesday.
(Reporting by Davide Barbuscia; editing by Jason Neely) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))
Initial price guidance, released on Tuesday, was in the low-to-mid 5 percent.
Order books for the Islamic bond, expected to be larger than $350 million, have gone up to around $850 million, the document showed. The sukuk will price on Tuesday.
(Reporting by Davide Barbuscia; editing by Jason Neely) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))
