ASB Capital Acts as Joint Lead Manager for Dubai Islamic Bank’s One-Billion US Dollar Sukuk in UAE Financial Markets
ASB Capital announced its role as Co-Lead Manager and Registrar for the issuance of additional Tier 1 (AT1) Sukuk bonds on behalf of Dubai Islamic Bank, worth one billion US dollars. The subscription requests exceeded 2.3 billion dollars, with a coverage ratio of 2.3 times, and a profit rate of 6.25%. This reflects the strength of the regional capital markets and enhances the company's position in managing complex financing transactions in the Gulf region.
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