Abu Dhabi’s First Gulf Bank raised $650 million through a five-year Islamic bond sale on Tuesday, carrying a coupon of 3.797 percent, two sources involved in the deal said.
FGB, the second largest lender in the United Arab Emirates by market value, priced its Islamic bond, or sukuk, in line with its final guidance of 200 basis points over midswaps indicated earlier in the day……………………………………….Full Article: Source