Emirates NBD aims for 4pct Sukuk yield

It is possible that Emirates NBD will attract funds to the emirate’s first sukuk sale by a bank since 2007, with debt priced at a 150 basis-point discount to the government’s Islamic bond.
It seems that the lender’s Sharia-compliant unit is likely to attract investors with returns as low as 275 basis points above midswaps, or about 4 %.