Abu Dhabi: First Abu Dhabi Bank (FAB) on Wednesday announced that it has raised $850 million in sukuk issue, a document issued by one of the banks leading the transaction. The five-year Islamic bonds issue offers buyers 130 basis points over mid-swaps, 20 basis points below the indicative price that the UAE's biggest lender by assets proposed when it started marketing the notes, Reuters reported. FAB previously expected to raise $750 million via a five-year sukuk issue. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
