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Dubai Islamic Bank takes orders for debut sustainable sukuk - document

BY Reuters | TREASURY | 11/22/22 12:58 AM EST

DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic bonds, a bank document showed on Tuesday.

Bank ABC, Dubai Islamic Bank, Emirates NBD Capital , First Abu Dhabi Bank, KFH Capital, HSBC (HSBC), Sharjah Islamic Bank and Standard Chartered (SCBFF) are arranging the deal, which is expected to price later on Tuesday. (Reporting by Yousef Saba; Editing by Christopher Cushing)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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