From Dow Jones: Abu Dhabi Islamic Bank PJSC , or ADIB, the emirate’s largest Islamic lender by market value, Thursday launched the sale of $750 million in five-year Islamic bonds, or sukuks, according to a person familiar with the matter.
The securities, which are slated to price later in the day, looked set to offer a yield relative to 225 basis points over comparable midswaps. The yield is slightly tighter than the guidance of 235 basis points announced a day earlier……………………………………….Full Article: Source