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DUBAI- Investment Corporation of Dubai, the government's main investment arm, has priced a $200 million bond tap with a reoffer yield of 4 percent, a document issued by one of the banks leading the deal showed on Tuesday.
The issuance - a reopening of an outstanding $300 million 4.625 percent bond due in 2024 - was marketed with an initial price guidance in the 4.15 percent area earlier on Tuesday, and was then launched at 4 percent.
Emirates NBD Capital and Standard Chartered are the joint bookrunners of the senior unsecured bond transaction.
(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))
The issuance - a reopening of an outstanding $300 million 4.625 percent bond due in 2024 - was marketed with an initial price guidance in the 4.15 percent area earlier on Tuesday, and was then launched at 4 percent.
Emirates NBD Capital and Standard Chartered are the joint bookrunners of the senior unsecured bond transaction.
(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))
