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