CEEMEA duo raise dollars in short issuance window

BondsTime_Adobe_575x375
By Mariam Meskin
11 Nov 2020

Emerging market issuers have crept back into the small issuance window in international markets after a brief pause for the US elections, with Dubai Islamic Bank and Uzbekistan’s Ipoteka Bank issuing dollar-denominated bonds this week.

Dubai Islamic Bank, rated A3/A by Moody’s and Fitch, launched a $1bn Reg S additional tier one (AT1) dollar sukuk on Thursday. 

The notes have a perpetual non-call six year maturity and are expected to replace an existing AT1 issued in 2015 with a coupon of 6.75%.

The final yield on ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial