National Bank of Abu Dhabi is looking to take advantage of Asian appetite for yield with a rare subordinated sukuk in the Malaysian ringgit market. This comes with less than two months to go before Basel III standards render traditional Lower Tier 2 bonds obsolete.
The United Arab Emirates bank has been working on a potential ringgit-denominated sub bond for the last few weeks. If it comes to market, it will be the first Tier 2 sukuk from a foreign issuer in Malaysia………………………………………..Full Article: Source