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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk) more

Abu Dhabi Islamic Bank sets up $5 bln Islamic bond program

Posted on 14 July 2010

From Bloomberg: Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest bank complying with Islamic banking rules, plans to raise as much as $5 billion from the sale of sukuk under a trust certificate program.
The bonds will be issued from “time to time” in any currency, according to a base prospectus dated July 8 posted by the bank on the London Stock Exchange’s website. HSBC Holdings Plc is the lead arranger of the bond program, according to the prospectus……………………………………….Full Article: Source

 
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