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

Abu Dhabi Islamic Bank said to plan Sukuk sale, hire managers

Posted on 12 October 2010

From Bloomberg: Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest lender complying with Shariah, hired three banks to help sell bonds, according to two bankers familiar with the plan.
HSBC Holdings Plc, the second-biggest underwriter of sukuk this year, Standard Chartered Plc and Barclays Plc will manage the sale, said the bankers, who declined to be identified because the terms haven’t been made public. ADIB may start meeting investors this month, one of the bankers said……………………………………….Full Article: Source

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