Dubai Islamic Bank plans dollar senior sukuk – sources ...Egypt

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Dubai Islamic Bank plans dollar senior sukuk – sources
source : EGYPT INDEPENDENT ( Egypt ) () 24
DUBAI, Aug 31 (Reuters) – Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, is planning to soon sell US dollar-denominated senior sukuk, or Islamic bonds, two sources said. Banks have already been hired for the deal, which is expected as soon as next week and is likely to be around $500 million in size, one of the sources familiar with the matter said. DIB did not immediately respond to a Reuters request for comment. Several issuers from the Gulf are expected to return to the international debt markets in the next few weeks following a lull in activity over the summer, bankers said. Companies and governments are seeking to lock in funding while global interest rates remai

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