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Dubai Investments Park tightens guidance on Islamic bond

: Thursday, February 13 - 2014 @ 11:10

Dubai Investments Park, a unit of Dubai Investments, has tightened pricing guidance on its $300m debut Islamic bond issue, which will price today, Reuters has reported, citing a document from lead managers. The five-year sukuk, which has so far attracted orders from investors worth more than $1.5bn, has current guidance in the area of 300 basis points over midswaps, the document said. Abu Dhabi-based Al Hilal Bank, Citigroup, Dubai Islamic Bank and Emirates NBD are arranging the transaction.

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Thursday, February 13- 2014 @ 11:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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