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This deal once again demonstrated DIB’s leadership in Islamic and sustainable finance, with an established and strong investor following from Europe, Asia and the Mi.
Dubai Islamic Bank (DIB), rated A3 by Moody s and A by Fitch has successfully priced its 2nd Sustainable Sukuk – a $1 billion 5.5-year senior issue with a profit rate of 4.8% per annum and spread of 102.4bps over 5-Year US Treasuries.
DUBAI, 13th February, 2023 (WAM) Dubai Islamic Bank (DIB) has successfully priced its second Sustainable Sukuk – a landmark US$1 billion 5.5-year senior issue with a profit rate of 4.80 percent per annum, representing a spread of 102.4 bps over 5-Year US Treasuries.The Sukuk was issued in line with DIB’s Sustainable Finance Framework, which was created to facilitate financing of green and social initiatives and projects. This deal achieved several landmarks including the largest issuance by a Middle East financial institution in the international.