Dubai's Noor Bank tightens guidance for $500 mln 5-yr debut dollar sukuk

April 21, 2015 10:17 AM

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DUBAI, April 21 (Reuters) - Dubai's Noor Bank has tightened pricing guidance for its $500 million, five-year debut U.S. dollar sukuk issue, which is expected to price later in the day, a document from lead arrangers showed on Tuesday.

The bank, which counts state funds Investment Corporation of Dubai and Dubai Holding among its owners, has revised guidance to 130-135 basis points over midswaps, from the 140 bps area indicated earlier on Tuesday.

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