01.11.2012 - UAE: The Islamic bank ADIBís sale
Abu Dhabi Islamic Bank (ADIB) is considering a sale to boost its core capital ratios ahead of an investors meeting on Wednesday. Itís the largest sharia-compliant lender by market value in Abu Dhabi and rarely issue sukuks. A source at an arranging bank claimed that the sukuk is likely to be benchmark-sized, which are bonds typically of $500 million or more in size. ADIB itself, along with HSBC Holdings, Morgan Stanley Inc, National Bank of Abu Dhabi, and Standard Chartered Plc will arrange the road-shows that will be followed by a potential sale of tier one perpetual dollar-denominated sukuk, subject to market conditions...............................................Full Article: Source
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