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Listed
Sukuk
Wakalah
Dubai Islamic Bank USD 750m Senior Sukuk 2029
Dubai Islamic Bank · United Arab Emirates
Senior sukuk from the world's first full-service Islamic bank.
Key terms
- Issuer profile
- Dubai Islamic Bank
- ISIN
- XS2707831192
- Structure
- Wakalah
- Issue size
- $750M
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- Nasdaq Dubai
- Governing law
- English law
Pricing
- Profit rate
- 4.80% (fixed)
- Indicative price
- 99.48
- Yield to maturity
- 5.026%
- Spread
- 85 bps
- Ratings
- A3 / A
Key dates
- Issue date
- 21 Feb 2024
- Maturity date
- 21 Feb 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- DIB Internal Shariah Supervisory Committee
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah asset portfolio
- Use of proceeds
- General banking purposes