DIB finds fair value start for perpetual pricing
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Emerging MarketsEM Middle East

DIB finds fair value start for perpetual pricing

Dubai Islamic Bank re-opened the Middle East international bond market on Tuesday morning, taking orders for a perpetual non-call six dollar sukuk. The starting point was slightly higher than some syndicate officials away from the deal had expected, but given the Basel III compliant structure one investor felt the initial price thoughts offered fair value.

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