Middle East Economic Survey
PCFC $2.8Bn Sukuk Increased To $3.5Bn
Dubais Ports, Customs and Free Zone Corporations (PCFC) $2.8bn Sukuk issue was increased to $3.5bn due to overwhelming investor demand, announced Dubai Islamic Bank (DIB) on 13 January. The worlds largest Sukuk issue, priced on 12 January, was oversubscribed raising more than $11.4bn. In mid-December last year, lead-managers of the issue DIB and Barclays Capital (BC) expected it to be oversubscribed...