Bank sukuk comes alive as DIB storms to perp success

15 Mar 2013

After two quiet months, the international sukuk market is ending the quarter with a flourish, with $2bn of notes pricing this week.

Islamic bank issuance had been particularly absent. However, the overwhelming demand for Dubai Islamic Bank’s $1bn perpetual tier one that was priced this week looks to be the start of a wave of financial sukuk deals, with other issuers such as Turkey’s Bank Asya also lining up to ...

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