"DIB Sukuk Limited" OR "DIB Sukuk" Archives

Judge Rules in favor of DIB in NMC Restructuring

by bondevalue | May 27, 2021 | Distressed / Defaulted Bonds

A judge in Abu Dhabi’s International Financial Center (ADGM) has ruled in favour of Dubai Islamic Bank (DIB) in a case dealing with claims over securities of the troubled NMC. According to the ruling, the ADGM court does not have jurisdiction over the agreements...

NMC Files Lawsuit Against DIB

by bondevalue | Apr 15, 2021 | High Yield Bonds

Payouts to the debt holders of UAE’s largest healthcare provider, NMC could be put on hold after the company filed a lawsuit against Dubai Islamic Bank (DIB) to place securities claimed by DIB under its administrator Alvarez & Marshal (A&M). NMC’s...

DIB Raises $500 Million via PerpNC6 AT1 at 3.375%, Lowest Ever in The GCC

by bondevalue | Apr 14, 2021 | Financial Institutions, Perpetual Bonds

Dubai Islamic Bank (DIB) raised $500mn via a perpetual non-call 6Y (PerpNC6) AT1 Sukuk at a yield of 3.375%, an average of 31.25bp inside initial guidance of 3.625-3.75% area. The bonds are unrated and received orders over $2.7bn, 5.4x issue size. The AT1s’...

Judge Rules in favor of DIB in NMC Restructuring

NMC Files Lawsuit Against DIB

DIB Raises $500 Million via PerpNC6 AT1 at 3.375%, Lowest Ever in The GCC

Recent Posts

Archives

Categories

Corporate Debt Restructuring Masterclass

Judge Rules in favor of DIB in NMC Restructuring

NMC Files Lawsuit Against DIB

DIB Raises $500 Million via PerpNC6 AT1 at 3.375%, Lowest Ever in The GCC

Recent Posts

Archives

Categories