01.11.2012 - ADIB starts roadshows for benchmark-sized tier 1 Sukuk
Abu Dhabi Islamic Bank (ADIB) has begun its series of roadshows to market a benchmark Sukuk issuance planned to bolster the bank's tier 1 capital. Abu Dhabi Islamic Bank (ADIB) said that a group of banks including ADIB itself, HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered Bank are conducting a series of investor meetings in Asia, the Middle East and Europe. The bank said, “An offering of Hybrid Tier 1 perpetual USD denominated Shari’ah compliant instruments may follow, subject to market conditions.” Market talk suggests the issuance would be ‘benchmark’ size of at least $500 million...............................................Full Article: Source
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