Dubai Investments starts at 300bp over but aggressive tightening expected
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Emerging Markets

Dubai Investments starts at 300bp over but aggressive tightening expected

Dubai Investments Park gave initial price thoughts of low 300bp over mid-swaps on its $300m five year debut sukuk on Wednesday, but investors are expecting much tighter pricing. Leads tightened guidance to 300bp area and the note was already trading up in the grey market around half a point.

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