(Updates with size, yield, launch, demand)
DUBAI, Feb 9 (Reuters) - Dubai Islamic Bank ,
the biggest Islamic lender in the United Arab Emirates, is set
to raise $1 billion from a sale of long five-year sustainable
sukuk, a bank document showed on Thursday.
The Islamic bonds launched at a yield of 4.8%. Initial price
guidance was around 130 basis points over U.S. Treasuries.
Demand for the debt sale was over $2.75 billion, excluding
interest from joint lead managers.
Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First
Abu Dhabi Bank, HSBC, KFH Capital, Mashreq, Sharjah Islamic
Bank, Standard Chartered Bank and the Islamic Corporation for
the Development of the Private Sector arranged the deal.
(Reporting by Yousef Saba; Editing by Tom Hogue and Bernadette
Baum)
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