| 15.07.2011 - First Gulf Bank set for first Islamic bond sale |
| First Gulf Bank (FGB) is planning to sell its first Islamic bond under a $3.5bn sukuk program as yields on Islamic debt reached a six-year low, Bloomberg has reported. The Islamic bond will be the first from Abu Dhabi since National Bank of Abu Dhabi (NBAD) raised 500 million Malaysian ringgit ($160m) in December from the sale of 10-year bonds paying a coupon of 4.9%..............................................Full Article: Source |