Dubai Islamic Bank roadshows sukuk in sheltered market
Dubai Islamic Bank has released roadshow dates for its sukuk, undeterred by worsening market conditions in the conventional bond space. The meetings start in Kuala Lumpur tomorrow, moving to Singapore on Friday, Abu Dhabi on Sunday and finish in London on Monday. A dollar Reg S sukuk benchmark could follow.
Deutsche Bank, DIB, Emirates NBD, HSBC and National Bank of Abu Dhabi are arranging the investor meetings.
The CEEMEA conventional bond market has been selling off this week but the Islamic market has remained relatively insulated from such turmoil. Dubais conventional bonds weakened by 0.125-0.250 points in cash
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