National Bank of Abu Dhabi (NBAD) has issued a 500 million Malaysian ringgit ($163.4 million) Sukuk, its third issuance denominated in currency, the bank announced in a statement. The new Sukuk is the first ever issue of a subordinated debt by a non-Malaysian FI in Malaysia.
It was issued for 15 years at a coupon of 4.75 per cent following strong investor demand, the bank said. HSBC Amanah Malaysia Berhad, Maybank Investment Bank Berhad, Standard Chartered Saadiq Berhad, and National Bank of Abu Dhabi Malaysia Berhad were the joint lead managers……………………………………….Full Article: Source