New Issue: Government of Dubai – 10Y Sukuk & 30Y Bond – IPTs
Indicative Yield: 10yrs: 3.19% area; 30yrs : 4.375% area
Deal Details:
Issuer:
Dubai DOF Sukuk Limited Government of Dubai
Obligor:
Government of Dubai -
Ratings:
Unrated Unrated
Format & Status:
Regulation S, Senior Unsecured Sukuk Regulation S, Senior Unsecured Bond
Settlement Date:
9 September 2020 9 September 2020
Tenor & Maturity Date:
10-year (9 September 2030) 30-year (9 September 2050)
Size:
US$ benchmark US$ benchmark
IPTs:
10-year at MS + 250 bps area 30-year at 4.375% area
Profit rate / Coupon:
FXD SA 30/360 FXD SA 30/360
Denominations:
US$ 200,000 + US$ 1,000 US$ 200,000 + US$ 1,000
Listing:
Dubai Financial Market Dubai Financial Market
Governing Law:
English and Dubai/UAE English
Documentation:
Dubai DOF Sukuk Limited US$ 6bn Trust Certificate Issuance Programme Government of Dubai US$ 5bn EMTN Programme
Issuer LEI:
549300FL2U4Z16IJI576 549300IY6A4IPIRLLX57
Joint Lead Managers & Bookrunners:
Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC (B&D) and Standard Chartered Bank Emirates NBD Capital, First Abu Dhabi Bank, HSBC (B&D) and Standard Chartered Bank
Timing Book’s open:
. Today’s business Book’s open. Today’s business
Stabilization:
FCA/ICMA applies FCA/ICMA applies