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REFILE-Dubai Islamic Bank tightens guidance for 5-yr dollar sukuk - document

·1 min read

(Refiles to add dropped word in paragraph 1)

DUBAI, June 15 (Reuters) - Dubai Islamic Bank, the United Arab Emirates' largest Islamic lender, tightened price guidance to between 115 and 120 basis points (bps) over mid-swaps for five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on Tuesday.

It tightened from initial guidance of around 135 bps over mid-swaps after receiving more than $2.5 billion in orders for the debt sale, which is expected to launch later on Tuesday, the document from one of the banks on the deal showed.

Bank ABC, Dubai Islamic Bank, Emirates NBD Capital , First Abu Dhabi Bank, HSBC, KFH Capital, Standard Chartered and the Islamic Corporation for the Development of the Private Sector are arranging the deal. (Reporting by Yousef Saba, editing by Louise Heavens)