Dubai Investments Park tightens guidance on Islamic bond

February 13, 2014 11:10 am

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.