Dubai Islamic Bank to Revive USD 750 Million Sukuk Deal Postponed Due to Market Conditions

Dubai Islamic Bank (DIB) has reignited its plans to issue a USD-denominated Sukuk worth USD 750 million, according to industry sources. DIB had postponed the issuance of this Sukuk during volatility in the financial market in early 2020.

According to industry sources, DIB had hired a group of banks including Arab Bank Corporation, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, ICBC, KFH Capital, Sharjah Islamic Bank and Standard Chartered Bank, to lead the potential Sukuk issuance. 

Local media reported that the potential Sukuk issuance had earlier attracted a positive response from investors whilst it was being marketed, although the deal had to be postponed d...