From Dow Jones: Abu Dhabi Islamic Bank (ADIB), the emirate’s largest Islamic lender by market value, set guidance on a five-year benchmark Islamic bond, or sukuk, expected to sell Thursday, according to a person close to the deal.
The notes are seen pricing at 235 basis points over Midswaps, said the source. Barclays Capital, HSBC and Standard Chartered are bookrunners on the deal……………………………………….Full Article: Source