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Abu Dhabi’s ADIB eyes Sukuk; plans investor meetings

Posted on 10 November 2011

Abu Dhabi Islamic Bank (Adib) will hold investor meetings for a potential dollar-denominated Islamic bond, or sukuk, starting next week, it said in a statement to the bourse on Wednesday.
A sukuk issue under the bank’s existing $5 billion programme “may follow, subject to market conditions,” the statement said. The company is eyeing a benchmark-sized deal, widely accepted to mean at least $500 million………………………………………..Full Article: Source

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