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First Gulf Bank (FGB) is planning to sell its first Islamic bond under a $3.5bn sukuk program as yields on Islamic debt reached a six-year low, Bloomberg has reported.
The Islamic bond will be the first from Abu Dhabi since National Bank of Abu Dhabi (NBAD) raised 500 million Malaysian ringgit ($160m) in December from the sale of 10-year bonds paying a coupon of 4.9%……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more
First Gulf Bank set for first Islamic bond sale
| Posted on 15 July 2011 |
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