Dubai could launch dollar sukuk

15 June 2010

A dollar-denominated Islamic bond could be launched by Dubai in the third quarter of this year after presentations to investors were well received last week, Reuters has reported, citing banking sector sources. A fund manager familiar with the presentations said they had pointed to a 7-10 year sukuk. Dubai went on a non-deal roadshow, meeting non-Islamic investors in Switzerland, France, Germany and Britain between June 4-10, in a mixture of presentations and one-to-one meetings, investors said.

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