| 09.11.2012 - Adib to sell $1bln in debut Tier 1 sukuk |
| Abu Dhabi Islamic Bank, the emirate’s largest sharia-compliant lender, launched a $1 billion sharia-compliant hybrid Islamic bond, or sukuk, on Thursday to boost its core capital, arranging banks said, after attracting strong demand. The Tier 1 perpetual sukuk, which has no defined maturity date, was launched at a profit rate of 6.375 per cent, at the tighter end of revised guidance, after orders totalled over $15 billion...............................................Full Article: Source |