Dubai's Emirates Islamic Bank talks benchmark six-year dollar sukuk at mid-swaps plus 330 bps

By Christine Van Dusen

Atlanta, July 3 - Dubai's Emirates Islamic Bank gave initial price guidance of mid-swaps plus 330 basis points for a benchmark-sized offering of dollar-denominated Islamic bonds due in 2018, a market source said.

Emirates NBD Capital, Credit Agricole, Dubai Islamic Bank, HSBC and Standard Chartered are the bookrunners for the lender's sukuk.

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