Sukuk issuers jostle for investor’s attention
Jebel Ali Free Zone priced its Dh7.5bn five year sukuk floater at 130bp over six month Eibor, the wide end of the 120bp-130bp guidance. Two further tranches of conventional dollar bonds are anticipated. Meanwhile, the Dubai Electricity and Water Authority has released guidance for its three year benchmark sukuk floater at 100bp over Libor area. Rakia is yet to price its dollar sukuk. Read EuroWeek on Friday for the full story on the busy sukuk sector.
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