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Dubai Islamic Bank issues $1B international bonds

Dubai Islamic Bank (PJSC) placed $1 billion worth of international bonds.

Maturing Feb. 6, 2023, the bonds carry a coupon of 3.625%. The notes were sold at a price of 99.588% and had an initial yield of 3.75%.

Bank ABC, Dubai Islamic Bank, First Abu Dhabi Bank, KFH Capital Investment Company, Sharjah Islamic Bank and Standard Chartered Bank acted as book runners on the deal.