Dubai guides on sukuk, misses conventional tranche
The Government of Dubai is planning to sell a $1.2bn fixed rate and a Dh2.5bn ($680m) floating rate sukuk, leaving out a conventional tranche in a deal that has been marketed through Asia, the UAE and Europe. With final guidance out at 375bp over mid swaps area for the dollar sukuk, how will the market react to the emirate’s return to international issuance? Read more in Euroweek on Friday
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