DUBAI ISLAMIC BANK PRICES US$1B 6.250% TIER 1 CAPITAL ISSUANCE

(The following is a reformatted version of a press release
issued by Dubai Islamic Bank and received via electronic mail.
The release was confirmed by the sender.) 
DUBAI ISLAMIC BANK PRICES US$ 1 billion 6.250% TIER 1 CAPITAL
ISSUANCE 
Transaction heavily oversubscribed to reach an orderbook in
excess of USD 14bln 
Dubai, UAE; March 13, 2013: On Wednesday, 13 March 2013, Dubai
Islamic Bank announced the successful pricing of a US$1 billion
Tier 1 Capital-eligible issuance, with a perpetual (non-call 6)
maturity. The issuance, which carries a profit rate of 6.25%,
reflects the strong faith and confidence investors have in the
institution and represents the best yield ever achieved by a GCC
bank on public Tier 1 transaction. 
This landmark RegS transaction was effectively executed
following a global roadshow covering key financial centers
(London, Singapore, Hong Kong, Geneva, Zurich, Abu Dhabi and
Dubai). The issuance ultimately received 360 orders amounting to
more than US$14 billion on the back of demand from a diverse
investor base. 
More specifically, the transaction was allocated to investors
across the Middle East (38%), Asia (29%), Europe (29%) and US
Offshore (4%). In addition, the types of accounts were also well
balanced, with Banks (33%), Private Banks (32%), Fund Managers
(29%), Hedge Funds (5%) and Other (1%) investors anchoring the
orderbook. 
Initial price thoughts of 7.00% area were released at 12:45PM
London time on Tuesday 12 March 2013 to the market. Following
the strong demand generated by the transaction, the issuance was
priced at a profit rate of 6.25%. 
Abdulla Al Hamli, Chief Executive Officer of Dubai Islamic Bank,
commented: “Being the largest Islamic bank in the UAE, DIB has a
special role in promoting the development of Islamic financing
and this innovative transaction is further evidence of the same.
Simultaneously, this immense interest of investors shows the
positive outlook that the market has with regards to Dubai and
the UAE. ” 
Dr Adnan Chilwan, Deputy Chief Executive Officer of Dubai
Islamic Bank, added: “The success of the transaction is a
testament to the confidence that regional and international
investors have in the strength of DIB’s credit. The strong
positive response and significant interest received from the
investor community is clearly highlighted by an orderbook in
excess of USD 14bn generated on the transaction. The appeal of
the transaction ultimately allowed us to price the issuance at
the best yield (6.25%) ever achieved by a GCC bank on a public
Tier 1 offering. The transaction, which was subscribed to by a
variety of investors from across Asia, Europe and the Middle
East, will allow the Bank to shore its capital base and put us
on a strong footing to capitalize on the expected growth in
Dubai and the UAE.” 
Dubai Islamic Bank, Emirates NBD Capital, HSBC, National Bank of
Abu Dhabi and Standard Chartered Bank acted as Joint Lead
Managers on the offering. 
About Dubai Islamic Bank:
Dubai Islamic Bank (DIB), established in 1975, is the first
Islamic bank to have incorporated the principles of Islam in all
its practices and is the largest Islamic bank in the UAE. DIB is
a public joint stock company, and its shares are listed on the
Dubai Financial Market. The bank enjoys a reputation as a leader
and innovator in maintaining the quality, flexibility and
accessibility of its products and services. The bank currently
operates 82 branches in the UAE. 
DIB has been proactive in creating partnerships and alliances at
both the local and international level. The bank has established
DIB Pakistan Limited, a wholly owned subsidiary which has a
network of 100 branches across 30 major cities in Pakistan. DIB
has also started operations in Jordan, with the establishment of
Jordan Dubai Islamic Bank. 
Alongside its accomplishments as a commercial organisation, DIB
has always recognised its wider role in society. The bank
supports the communities in which it operates through the DIB
Foundation, a non-profit social, humanitarian and charitable
organisation which distributes millions of dirhams to good
causes at home and abroad each year. 
DIB has earned the respect of its peers around the world for
many years, and its leading position has been reaffirmed by the
92 local, regional and international accolades that it has won
between 2008 and 2012. DIB has won awards across diversified
areas, including retail, corporate and investment banking, as
well as CSR and consultancy services. The bank’s most recent
awards include being named “Best Islamic Bank, UAE” by World
Finance and Banker Middle East magazines, “Best Distance Banking
Service” (Electronic Banking Services) by Banker Middle East,
and being named among The Banker’s “Deals of the Year for 2012.” 
For further information, please contact:
Liam Turner / Tameem Alkintar
ASDA’A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
Email: liam.turner@bm.com / tameem.alkintar@bm.com 
(bjh) NY 
#<873920.660640.3.4.1.0.76>#
 
 
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