ADIB plans about $1b sukuk

ADIB plans about $1b sukuk

The lender received approval from the UAE central bank for the Islamic debt sale and may issue later this year.



By (Agencies)

Published: Fri 26 Jun 2015, 10:56 PM

Last updated: Wed 8 Jul 2015, 3:18 PM

Abu Dhabi Islamic Bank plans to raise about $1 billion of perpetual bonds and is talking to banks on the deal, three people with knowledge of the matter said.

The lender received approval from the UAE central bank for the Islamic debt sale and may issue later this year, two of the people said, asking not to be identified because the information is private.

A spokesman for Abu Dhabi Islamic Bank said the bank declined to comment on market speculation.


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