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ADCB’s $750 mln Sukuk issue receives A1 rating

Posted on 17 November 2011

Rating agency, Moody’s Investors Service has assigned A1 rating against A awarded by S&P to the $500-750 million Sukuk Trust Certificate being launched by Abu Dhabi Commercial Bank in coming days.

Abu Dhabi second biggest lender by assets plans to issue the Islamic notes this week. Earlier, Abu Dhabi’s Union National Bank floated a five-year conventional issue, raising $400 million……………………………………..Full Article: Source

 
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