BRIEF: Dubai Islamic Bank Closes $750 Mln AT1 Perpetual Sukuk

DUBAI ISLAMIC BANK DISB.DU :

* DUBAI ISLAMIC BANK SUCCESSFULLY CLOSES $750 MILLION AT1 PERPETUAL SUKUK

* SAYS ISSUANCE WAS SUBSCRIBED NEARLY 5 TIMES WITH AROUND 40 PERCENT INTEREST GENERATED FROM ASIAN AND EUROPEAN INVESTORS

* SAYS CLOSES ADDITIONAL TIER 1 PERPETUAL NON-CALL 6YRS SUKUK WITH A PROFIT RATE OF 6.25% PER ANNUM

* SAYS TRANSACTION, WAS ONLY SECOND AT1 SUKUK UNDER NEW BASEL III CAPITAL GUIDELINES ISSUED BY CENTRAL BANK OF UAE IN 2018

Source text for Eikon: ID:nDFM1NWpTw Further company coverage: DISB.DU

((Reuters.Briefs@thomsonreuters.com;))