15.11.2012 - Mega sukuk issue creates ripples here
Singapore investors account for 18% of US$15.5b perpetual sukuk issued by Abu Dhabi bank, giving Islamic finance a big boost. ingapore investors dipped heartily into the world's first syariah- compliant Tier 1 perpetual sukuk (Islamic bonds) despite the financial centre not being known for its appetite for Islamic finance. So keen were Singapore investors on the offering that they accounted for 23 per cent or US$3.5 billion of the US$15.5 billion order book for Abu Dhabi Islamic Bank's (ADIB) US$1 billion Tier 1 perpetual sukuk. In the end, however, allocations were scaled back and they ended up with 18 per cent of the issue...............................................Full Article: Source
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