May 6 (Bloomberg) -- Dubai Islamic Bank pJSC, the United Arab Emirates, biggest bank complying with Islamic financial rules, offered to buy back up to $200 million of sukuk. The buyback price will be at least 86 percent of the bondsâ face value but no more than 90 percent, and will be determined by auction, the bank said in a statement to Nasdaq Dubai today. The offer opens on May 6 and will end on May 18. Dubai Islamic has $750 million of sukuk due 2012.
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